Hesai Group (Hesai Group) Long-Term Capital Lease Obligation : $16.0 Mil (As of Mar. 2024)

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What is Hesai Group Long-Term Capital Lease Obligation?

Hesai Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $16.0 Mil.

Hesai Group's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($0.6 Mil) to Dec. 2023 ($16.7 Mil) but then declined from Dec. 2023 ($16.7 Mil) to Mar. 2024 ($16.0 Mil).

Hesai Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.0 Mil) to Dec. 2022 ($1.5 Mil) and increased from Dec. 2022 ($1.5 Mil) to Dec. 2023 ($16.7 Mil).

Hesai Group Long-Term Capital Lease Obligation Historical Data

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

Hesai Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1.45

16.72

Hesai Group Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								0.99	0.75	0.59	16.72	16.03

Hesai Group (NAS:HSAI) 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.

Hesai Group Long-Term Capital Lease Obligation Related Terms

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Hesai Group (Hesai Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hesai Group (NAS:HSAI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

ZN80:Germany

Address

1588 Zhuguang Road, 9th Floor, Building L2-B, Qingpu District, Shanghai, CHN, 201702

Website

https://www.hesaitech.com

Hesai Group is engaged in the development, manufacture, and sales of three dimensional light detection and ranging solutions, or LiDAR. Its LiDAR products enable a broad spectrum of applications across passenger or commercial vehicles with advanced driver assistance systems, or ADAS, autonomous vehicle fleets providing passenger and freight mobility services, or Autonomous Mobility, and other applications such as last-mile delivery robots, street sweeping robots, and logistics robots in restricted areas, or Robotics. The Group organized its operations into two segments: the LiDAR segment and the gas detection segment.