Jayud Global Logistics (Jayud Global Logistics) Long-Term Capital Lease Obligation : $0.73 Mil (As of Dec. 2023)

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What is Jayud Global Logistics Long-Term Capital Lease Obligation?

Jayud Global Logistics's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.73 Mil.

Jayud Global Logistics's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($1.90 Mil) to Jun. 2023 ($1.24 Mil) and declined from Jun. 2023 ($1.24 Mil) to Dec. 2023 ($0.73 Mil).

Jayud Global Logistics's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.40 Mil) to Dec. 2022 ($1.90 Mil) but then declined from Dec. 2022 ($1.90 Mil) to Dec. 2023 ($0.73 Mil).

Jayud Global Logistics Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jayud Global Logistics'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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Jayud Global Logistics Long-Term Capital Lease Obligation Chart

Jayud Global Logistics Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.52

0.40

1.90

0.73

Jayud Global Logistics Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			0.40	3.01	1.90	1.24	0.73

Jayud Global Logistics (NAS:JYD) 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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Jayud Global Logistics (Jayud Global Logistics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jayud Global Logistics Ltd (NAS:JYD) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

Shenyan Road, 4th Floor, Building 4, Shatoujiao Free Trade Zone, Yantian District, Shenzhen, CHN

Website

https://www.jayud.com

Jayud Global Logistics Ltd is a end-to-end supply chain solution providers in China, with a focus on providing cross-border logistics services. It offers freight forwarding services, (ii) supply chain management, and (iii) other value-added services.