GigaCloud Technology (GigaCloud Technology) Long-Term Capital Lease Obligation : $401.1 Mil (As of Mar. 2024)

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What is GigaCloud Technology Long-Term Capital Lease Obligation?

GigaCloud Technology's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $401.1 Mil.

GigaCloud Technology's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($131.6 Mil) to Dec. 2023 ($343.6 Mil) and increased from Dec. 2023 ($343.6 Mil) to Mar. 2024 ($401.1 Mil).

GigaCloud Technology's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($2.3 Mil) to Dec. 2022 ($117.4 Mil) and increased from Dec. 2022 ($117.4 Mil) to Dec. 2023 ($343.6 Mil).

GigaCloud Technology Long-Term Capital Lease Obligation Historical Data

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

GigaCloud Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1.84

2.35

117.43

343.62

GigaCloud Technology Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										109.89	104.21	131.58	343.62	401.11

GigaCloud Technology (NAS:GCT) 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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GigaCloud Technology (GigaCloud Technology) Business Description

Industry

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

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Traded in Other Exchanges

N/A

Address

24-30 Ice House Street, Unit A, 12th Floor, Shun Ho Tower, Central, Hong Kong, HKG

Website

https://www.gigacloudtech.com

GigaCloud Technology Inc end-to-end B2B e-commerce solutions for large parcel merchandise. Its B2B e-commerce platform, which refers to as the GigaCloud Marketplace, integrates everything from discovery, payments, and logistics tools into one easy-to-use platform. It offers online and offline integrated cross-border transaction and delivery services for furniture and large merchandise. Its marketplace seamlessly connects manufacturers in Asia, with resellers in the U.S., Asia, and Europe, to execute cross-border transactions with confidence, speed, and efficiency. It offers a truly comprehensive solution that transports products from the manufacturer's warehouse to end customers, all at one fixed price.