AgiiPlus (AgiiPlus) Long-Term Capital Lease Obligation : $353.18 Mil (As of Dec. 2022)

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What is AgiiPlus Long-Term Capital Lease Obligation?

AgiiPlus's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was $353.18 Mil.

AgiiPlus's quarterly Long-Term Capital Lease Obligation declined from Dec. 2021 ($396.66 Mil) to Jun. 2022 ($360.82 Mil) and declined from Jun. 2022 ($360.82 Mil) to Dec. 2022 ($353.18 Mil).

AgiiPlus's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($266.83 Mil) to Dec. 2021 ($396.66 Mil) but then declined from Dec. 2021 ($396.66 Mil) to Dec. 2022 ($353.18 Mil).

AgiiPlus Long-Term Capital Lease Obligation Historical Data

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

AgiiPlus Annual Data

Trend

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

266.83

396.66

353.18

AgiiPlus Quarterly Data
	Dec20	Jun21	Dec21	Jun22	Dec22
Long-Term Capital Lease Obligation	266.83	-	396.66	360.82	353.18

AgiiPlus (NAS:AGII) 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.

AgiiPlus Long-Term Capital Lease Obligation Related Terms

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AgiiPlus (AgiiPlus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » AgiiPlus Inc (NAS:AGII) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

222 Hubin Road, Distrii Center, 18th Floor, Link Square 1, Huangpu District, Shanghai, CHN, 200021

Website

https://m.agiiplus.com

AgiiPlus Inc offers an integrated platform connecting onsite workspaces and digital services through technology. Through its subsidiaries, AgiiPlus offers office leasing and enterprise services under the brand "Tangtang," and, through its subsidiaries, AgiiPlus maintains the Distrii app, the proprietary official app for workspace members, offering AgiiPlus' workspace members a seamless experience beyond physical spaces with easy access to enterprise services. The firm has one operating segment with three revenue streams including workspace leasing & operation revenue, renovation & smart building technology revenue, and brokerage & enterprise service revenue.

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