CENN (Cenntro) Long-Term Capital Lease Obligation : $7.59 Mil (As of Dec. 2024)

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What is Cenntro Long-Term Capital Lease Obligation?

Cenntro's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was $7.59 Mil.

Cenntro's quarterly Long-Term Capital Lease Obligation declined from Jun. 2024 ($14.54 Mil) to Sep. 2024 ($13.29 Mil) and declined from Sep. 2024 ($13.29 Mil) to Dec. 2024 ($7.59 Mil).

Cenntro's annual Long-Term Capital Lease Obligation increased from Dec. 2022 ($7.42 Mil) to Dec. 2023 ($16.34 Mil) but then declined from Dec. 2023 ($16.34 Mil) to Dec. 2024 ($7.59 Mil).

Cenntro Long-Term Capital Lease Obligation Historical Data

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

Cenntro Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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0.36

0.49

7.42

16.34

7.59

Cenntro Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											16.34	15.31	14.54	13.29	7.59

Cenntro (NAS:CENN) 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.

Cenntro Long-Term Capital Lease Obligation Related Terms

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Cenntro Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cenntro Inc (NAS:CENN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

501 Okerson Road, Freehold, NJ, USA, 07728

Website

https://www.cenntroauto.com

Cenntro Inc is a designer, manufacturer, distributor, and service provider of commercial vehicles powered by either electricity or hydrogen energy sources. The company's commercial vehicles are designed to serve a variety of fleet and municipal organizations in support of city services, last-mile delivery, and other commercial applications. It has developed a series of commercial vehicle models, including Metro, Logistar, Logimax, Avantier, Teemak, and Antric One. In addition, the company has introduced an open-platform, programmable all-electric iChassis platform, designed for automated and autonomous driving. Geographically, the company generates maximum revenue from vehicle sales in the United States, and also has a presence in Europe, Asia, and other regions.

Executives

Edmond Cheng	officer: Chief Financial Officer	C/O UTSTARCOM, INC., 1275 HARBOR BAY PARKWAY, ALAMEDA CA 94502
Peter Wang	director, 10 percent owner, officer: CEO and Executive Director
Ming He	officer: Treasurer	NO. 106 ZHONGHUAN SOUTH ROAD, AIRPORT INDUSTRIAL PARK, TIANJIN F4 300308
Christopher Thorne	director	501 OKERSON ROAD, FREEHOLD NJ 07728
Mathew Zauner	officer: Corporate Secretary	501 OKERSON ROAD, FREEHOLD NJ 07728
Jiawei Tong	director	501 OKERSON ROAD, FREEHOLD NJ 07728
Tony Wen Tsai	officer: Corporate Secretary	501 OKERSON ROAD, FREEHOLD NJ 07728
Marianne Mcinerney	officer: Chief Marketing Officer	501 OKERSON ROAD, FREEHOLD NJ 07728
Yi Zeng	director	501 OKERSON ROAD, FREEHOLD NJ 07728
Wei Zhong	officer: Chief Technology Officer	501 OKERSON ROAD, FREEHOLD NJ 07728
Benjamin B Ge	director	501 OKERSON ROAD, FREEHOLD NJ 07728