Qudian (Qudian) Long-Term Capital Lease Obligation : $5.57 Mil (As of Dec. 2023)

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What is Qudian Long-Term Capital Lease Obligation?

Qudian's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5.57 Mil.

Qudian's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($0.36 Mil) to Sep. 2023 ($6.94 Mil) but then declined from Sep. 2023 ($6.94 Mil) to Dec. 2023 ($5.57 Mil).

Qudian's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($26.50 Mil) to Dec. 2022 ($0.06 Mil) but then increased from Dec. 2022 ($0.06 Mil) to Dec. 2023 ($5.57 Mil).

Qudian Long-Term Capital Lease Obligation Historical Data

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

Qudian Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.09

12.27

26.50

0.06

5.57

Qudian Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.06	0.30	0.36	6.94	5.57

Qudian (NYSE:QD) 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.

Qudian Long-Term Capital Lease Obligation Related Terms

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Qudian (Qudian) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Qudian Inc (NYSE:QD) » Definitions » Long-Term Capital Lease Obligation

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0A2T:UK 1QU:Germany

Address

Tower A, AVIC Zijin Plaza, Siming District, Fujian Province, Xiamen, CHN, 361000

Website

https://www.qudian.com

Qudian Inc is a consumer-oriented technology company engaged in the operation of online platforms to provide small consumer credit products in the People's Republic of China. The Group's cash credit products comprised short-term, unsecured lines of credit that could be drawn down at any time, subject to the Group's approval at the time of each drawdown request. Borrowers were typically charged financing service fees for cash credit drawdowns. It derives a majority of its revenue from the People's Republic of China.