Li Auto (Li Auto) Long-Term Capital Lease Obligation : $515 Mil (As of Dec. 2023)

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What is Li Auto Long-Term Capital Lease Obligation?

Li Auto's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $515 Mil.

Li Auto's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($297 Mil) to Sep. 2023 ($356 Mil) and increased from Sep. 2023 ($356 Mil) to Dec. 2023 ($515 Mil).

Li Auto's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($215 Mil) to Dec. 2022 ($279 Mil) and increased from Dec. 2022 ($279 Mil) to Dec. 2023 ($515 Mil).

Li Auto Long-Term Capital Lease Obligation Historical Data

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

Li Auto Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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34.38

212.89

215.07

279.18

515.11

Li Auto Quarterly Data
	Dec18	Mar19	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														279.18	288.44	297.11	355.55	515.11

Li Auto (NAS:LI) 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.

Li Auto Long-Term Capital Lease Obligation Related Terms

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Li Auto (Li Auto) Business Description

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

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Traded in Other Exchanges

LIA:Mexico 02015:Hong Kong L87:Germany L87A:Germany L87A:Germany

Address

11 Wenliang Street, Shunyi District, Beijing, CHN, 101399

Website

https://www.lixiang.com

Li Auto is a leading Chinese NEV manufacturer that designs, develops, manufactures, and sells premium smart NEVs. The company started volume production of its first model Li One in November 2019. The model is a six-seater, large, premium plug-in electric SUV equipped with a range extension system and advanced smart vehicle solutions. It sold over 133,000 NEVs in 2022, accounting for about 2% of China's passenger new energy vehicle market. Beyond Li One, the company will expand its product line, including both BEVs and PHEVs, to target a broader consumer base.