U Power (U Power) Long-Term Capital Lease Obligation : $0.84 Mil (As of Dec. 2023)

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What is U Power Long-Term Capital Lease Obligation?

U Power's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.84 Mil.

U Power's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($0.69 Mil) to Jun. 2023 ($0.61 Mil) but then increased from Jun. 2023 ($0.61 Mil) to Dec. 2023 ($0.84 Mil).

U Power's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.58 Mil) to Dec. 2022 ($0.69 Mil) and increased from Dec. 2022 ($0.69 Mil) to Dec. 2023 ($0.84 Mil).

U Power Long-Term Capital Lease Obligation Historical Data

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

U Power Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.36

0.58

0.69

0.84

U Power Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			0.58	0.26	0.69	0.61	0.84

U Power (NAS:UCAR) 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.

U Power Long-Term Capital Lease Obligation Related Terms

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U Power (U Power) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » U Power Ltd (NAS:UCAR) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

18th Floor, Building 3, Science and Technology Industrial Park, Yijiang District, Anhui Province, Wuhu, CHN, 241003

Website

http://www.upincar.com

U Power Ltd is involved in the provision of vehicle sourcing services. It is principally engaged in the provision of new energy vehicles development and sales; battery swapping stations manufactory and sales; battery swapping services and sourcing services. The company as a broker engaged in sales of vehicles between automobile wholesalers and buyers, including small and medium sized vehicle dealers and individual customers primarily located in the lower-tier cities in China, which are smaller and less developed than the tier-1 or tier-2 cities.