UTime (WTO) Long-Term Capital Lease Obligation : $1.23 Mil (As of Sep. 2023)

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What is UTime Long-Term Capital Lease Obligation?

UTime's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1.23 Mil.

UTime's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 ($1.63 Mil) to Mar. 2023 ($1.58 Mil) and declined from Mar. 2023 ($1.58 Mil) to Sep. 2023 ($1.23 Mil).

UTime's annual Long-Term Capital Lease Obligation increased from Mar. 2021 ($0.04 Mil) to Mar. 2022 ($2.29 Mil) but then declined from Mar. 2022 ($2.29 Mil) to Mar. 2023 ($1.58 Mil).

UTime Long-Term Capital Lease Obligation Historical Data

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

UTime Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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0.19

0.04

2.29

1.58

UTime Semi-Annual Data
	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								-	2.29	1.63	1.58	1.23

UTime (NAS:WTO) 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.

UTime Long-Term Capital Lease Obligation Related Terms

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UTime (WTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » UTime Ltd (NAS:WTO) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 1006 Keyuan Road, 7th Floor, Building 5A, Shenzhen Software Industry Base, Nanshan District, Shenzhen, CHN, 518061

Website

https://www.utimemobile.com

UTime Ltd is engaged in the design, development, production, sales and brand operation of mobile phones, accessories and related consumer electronics. It also provides Electronics Manufacturing Services (EMS), including Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) services, for renowned brands. The company operates in China and its products are sold globally, including India, Brazil, the United States, and other emerging markets in South Asia and Africa as well as Europe. It has two in-house brands, UTime, known as its middle-to-high end label and targets middle class consumers from emerging markets; and Do, as its low- to mid-end brand, is positioned to the grassroots consumers and price-sensitive consumers in emerging markets.

Executives

Hailin Xie	director	SHENZHEN SOFTWARE INDUSTRY BASE, 7TH FLOOR, BUILDING 5A, SHENZHEN F4 518061
Na Cai	director	SHENZHEN SOFTWARE INDUSTRY BASE, 7TH FLOOR, BUILDING 5A, SHENZHEN F4 518061
Xiaoqian Jia	director	SHENZHEN SOFTWARE INDUSTRY BASE, 7TH FLOOR, BUILDING 5A, SHENZHEN F4 518061
Hengcong Qiu	director, officer: Chief Executive Officer	SHENZHEN SOFTWARE INDUSTRY BASE, 7TH FLOOR, BUILDING 5A, SHENZHEN F4 518061