9F (STU:1F3A) Long-Term Capital Lease Obligation : €1.89 Mil (As of Dec. 2023)

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What is 9F Long-Term Capital Lease Obligation?

9F's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1.89 Mil.

9F's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (€1.13 Mil) to Jun. 2023 (€2.10 Mil) but then declined from Jun. 2023 (€2.10 Mil) to Dec. 2023 (€1.89 Mil).

9F's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€2.49 Mil) to Dec. 2022 (€1.13 Mil) but then increased from Dec. 2022 (€1.13 Mil) to Dec. 2023 (€1.89 Mil).

9F Long-Term Capital Lease Obligation Historical Data

The historical data trend for 9F'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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9F Long-Term Capital Lease Obligation Chart

9F Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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16.09

3.71

2.49

1.13

1.89

9F Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									2.49	2.35	1.13	2.10	1.89

9F (STU:1F3A) 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.

9F Long-Term Capital Lease Obligation Related Terms

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9F (STU:1F3A) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » 9F Inc (STU:1F3A) » Definitions » Long-Term Capital Lease Obligation

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JFU:USA

Address

5 West Laiguangying Road, Room 1207, Building No. 5, Chaoyang District, Beijing, CHN, 100012

Website

https://ir.9fgroup.com

9F Inc is a financial account platform integrating and personalizing financial services in China. It provides a range of financial products and services across online lending, wealth management, and payment facilitation, all integrated under a single digital financial account. The company generates the majority of its revenue from Loan facilitation services. All its revenues are generated from the People's Republic of China.

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