Four Seasons Education (Cayman) (Four Seasons Education (Cayman)) Long-Term Capital Lease Obligation : $0.21 Mil (As of Aug. 2023)

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What is Four Seasons Education (Cayman) Long-Term Capital Lease Obligation?

Four Seasons Education (Cayman)'s Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2023 was $0.21 Mil.

Four Seasons Education (Cayman)'s quarterly Long-Term Capital Lease Obligation declined from Aug. 2022 ($0.98 Mil) to Feb. 2023 ($0.18 Mil) but then increased from Feb. 2023 ($0.18 Mil) to Aug. 2023 ($0.21 Mil).

Four Seasons Education (Cayman)'s annual Long-Term Capital Lease Obligation declined from Feb. 2021 ($14.26 Mil) to Feb. 2022 ($0.91 Mil) and declined from Feb. 2022 ($0.91 Mil) to Feb. 2023 ($0.18 Mil).

Four Seasons Education (Cayman) Long-Term Capital Lease Obligation Historical Data

The historical data trend for Four Seasons Education (Cayman)'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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Four Seasons Education (Cayman) Long-Term Capital Lease Obligation Chart

Four Seasons Education (Cayman) Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Long-Term Capital Lease Obligation

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21.08

14.26

0.91

0.18

Four Seasons Education (Cayman) Semi-Annual Data
	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											1.31	0.91	0.98	0.18	0.21

Four Seasons Education (Cayman) (NYSE:FEDU) 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.

Four Seasons Education (Cayman) Long-Term Capital Lease Obligation Related Terms

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Four Seasons Education (Cayman) (Four Seasons Education (Cayman)) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Four Seasons Education (Cayman) Inc (NYSE:FEDU) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

309 Yuyuan Road, Room 1301, Zi'an Building, Jing'an District, Shanghai, CHN, 200040

Website

http://www.sijiedu.com

Four Seasons Education (Cayman) Inc is engaged in the provision of after-school education services for kindergarten, elementary and middle school students. The company is a comprehensive educational enterprise that provides research practice services, educational informatization equipment, high-quality educational resources, and teacher training, as well as a digital publishing business, and continues to expand in educational research and educational informatization.