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Webuy Global (Webuy Global) Long-Term Capital Lease Obligation : $2.20 Mil (As of Dec. 2023)


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What is Webuy Global Long-Term Capital Lease Obligation?

Webuy Global's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.20 Mil.

Webuy Global's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($0.01 Mil) to Jun. 2023 ($1.94 Mil) and increased from Jun. 2023 ($1.94 Mil) to Dec. 2023 ($2.20 Mil).

Webuy Global's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.01 Mil) and increased from Dec. 2022 ($0.01 Mil) to Dec. 2023 ($2.20 Mil).

Webuy Global Long-Term Capital Lease Obligation Historical Data

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

Webuy Global Annual Data
Trend Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
- 0.01 2.20

Webuy Global Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation - - 0.01 1.94 2.20

Webuy Global  (NAS:WBUY) 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.

Webuy Global Long-Term Capital Lease Obligation Related Terms

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Webuy Global (Webuy Global) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Webuy Global Ltd (NAS:WBUY) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
35 Tampines Street 92, Singapore, SGP, 528880
Website
https://www.webuysg.com
Webuy Global Ltd is an emerging Southeast Asian (SEA) community-oriented e-commerce retailer (Community e-Commerce Retailor) with a focus on grocery and travel. Community e-commerce is a deepened extension form of e-commerce, where social media users with mutual interest and like-minded behavior are connected, forming a community group within a network through an online medium. Its mission is to make social shopping a new lifestyle for consumers and to empower consumers' purchases with an efficient cost-saving purchasing model. The company is also engaged in selling packaged tours to its customer. The majority of revenue is derived from the sales of groceries through its online platform.