ECARX Holdings (ECARX Holdings) Long-Term Capital Lease Obligation : $14.5 Mil (As of Mar. 2024)

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What is ECARX Holdings Long-Term Capital Lease Obligation?

ECARX Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $14.5 Mil.

ECARX Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($14.0 Mil) to Dec. 2023 ($15.1 Mil) but then declined from Dec. 2023 ($15.1 Mil) to Mar. 2024 ($14.5 Mil).

ECARX Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.0 Mil) to Dec. 2022 ($9.9 Mil) and increased from Dec. 2022 ($9.9 Mil) to Dec. 2023 ($15.1 Mil).

ECARX Holdings Long-Term Capital Lease Obligation Historical Data

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

ECARX Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

9.86

15.07

ECARX Holdings Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						8.97	15.12	14.00	15.07	14.46

ECARX Holdings (NAS:ECX) 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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ECARX Holdings (ECARX Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ECARX Holdings Inc (NAS:ECX) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 St. Katharine’s Way, ECARX office, 2nd Floor South, International House, London, GBR, E1W 1UN

Website

https://www.ecarxgroup.com

ECARX Holdings Inc is engaged in the sales of system-on-chip core modules, automotive computing platform products, software stacks as well as the provision of research and development services primarily in the People's Republic of China. The company's core products include infotainment head units, digital cockpits, vehicle chip-set solutions, a core operating system and integrated software stack. Beyond this, ECARX is developing a full-stack automotive computing platform. It is engaged in automotive intelligence and networking.

Executives

Jun Hong Heng

director

C/O CRESCENT COVE ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108