AGM Group Holdings (AGM Group Holdings) Long-Term Capital Lease Obligation : $0.1 Mil (As of Jun. 2023)

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What is AGM Group Holdings Long-Term Capital Lease Obligation?

AGM Group Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.1 Mil.

AGM Group Holdings's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 ($0.0 Mil) to Dec. 2022 ($0.2 Mil) but then declined from Dec. 2022 ($0.2 Mil) to Jun. 2023 ($0.1 Mil).

AGM Group Holdings's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2020 ($0.0 Mil) to Dec. 2021 ($0.0 Mil) but then increased from Dec. 2021 ($0.0 Mil) to Dec. 2022 ($0.2 Mil).

AGM Group Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for AGM Group Holdings'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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AGM Group Holdings Long-Term Capital Lease Obligation Chart

AGM Group Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.17

AGM Group Holdings Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											0.02	-	-	0.17	0.06

AGM Group Holdings (NAS:AGMH) 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.

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AGM Group Holdings (AGM Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AGM Group Holdings Inc (NAS:AGMH) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

C/o Creative Consultants (Hong Kong) Limited, 185 Wanchai Road, Room 1502-3, 15th Floor, Connuaght Commercial Building, Wanchai, Hong Kong, HKG

Website

http://www.agmprime.com

AGM Group Holdings Inc is an investment holding company. The company focuses on blockchain-oriented ASIC chip design; high-end crypto miner production and fintech technology software service. It generates maximum revenue from the sale of cryptocurrency mining machines and standardized computing equipment.