TIGR (UP Fintech Holding) Long-Term Capital Lease Obligation : $7.3 Mil (As of Sep. 2024)

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What is UP Fintech Holding Long-Term Capital Lease Obligation?

UP Fintech Holding's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $7.3 Mil.

UP Fintech Holding's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 ($8.4 Mil) to Jun. 2024 ($8.1 Mil) and declined from Jun. 2024 ($8.1 Mil) to Sep. 2024 ($7.3 Mil).

UP Fintech Holding's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($3.1 Mil) to Dec. 2022 ($8.4 Mil) but then declined from Dec. 2022 ($8.4 Mil) to Dec. 2023 ($4.8 Mil).

UP Fintech Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for UP Fintech Holding's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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UP Fintech Holding Long-Term Capital Lease Obligation Chart

UP Fintech Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.44

3.69

3.09

8.39

4.78

UP Fintech Holding Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															4.79	4.78	8.41	8.14	7.32

UP Fintech Holding (NAS:TIGR) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

UP Fintech Holding Long-Term Capital Lease Obligation Related Terms

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UP Fintech Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » UP Fintech Holding Ltd (NAS:TIGR) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

TIGR:Mexico 1M5:Germany

Address

No. 16 Taiyanggong Middle Road, 18th Floor, Grandyvic Building, No. 1 Building, Chaoyang District, Beijing, CHN, 100020

Website

https://www.itiger.com

UP Fintech Holding Ltd is an online brokerage firm focusing on Chinese investors. Its trading platform enables investors to trade in equities and other financial instruments on multiple exchanges of stocks and other derivatives. The company offers its customers brokerage and value-added services, including trade order placement and execution, margin financing, account management, investor education, community discussion, and customer support.