Wejo Group (Wejo Group) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2023)

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What is Wejo Group Long-Term Capital Lease Obligation?

Wejo Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was $0.00 Mil.

Wejo Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 ($1.77 Mil) to Dec. 2022 ($0.02 Mil) and declined from Dec. 2022 ($0.02 Mil) to Mar. 2023 ($0.00 Mil).

Wejo Group's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2020 ($0.00 Mil) to Dec. 2021 ($0.00 Mil) but then increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.02 Mil).

Wejo Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Wejo Group'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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Wejo Group Long-Term Capital Lease Obligation Chart

Wejo Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

0.02

Wejo Group Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							2.62	2.30	1.77	0.02	-

Wejo Group (OTCPK:WEJWF) 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.

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Wejo Group (Wejo Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Wejo Group Ltd (OTCPK:WEJWF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

22 Victoria Street, Canon’s Court, Hamilton, BMU, HM12

Website

https://www.wejo.com

Wejo Group Ltd provides software and technology solutions to various market verticals in combination with services that utilize ingested and standardized connected vehicle and other high volume, high value datasets through its proprietary cloud software and analytics platform, Wejo Neural Edge (which includes Wejo ADEPT platform). The Company's sector solutions, delivered at this time in North America and Europe, provide valuable insights to its customers in public and private organizations, including, but not limited to, OEMs, first-tier (Tier 1) automotive suppliers, fleet management companies (Fleets), departments of transportation, retailers, mapping companies, universities, insurance companies, advertising firms, construction firms and research departments.