FLJ Group (FLJ Group) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2023)

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What is FLJ Group Long-Term Capital Lease Obligation?

FLJ Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil.

FLJ Group's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 ($0.00 Mil) to Mar. 2023 ($27.41 Mil) but then declined from Mar. 2023 ($27.41 Mil) to Sep. 2023 ($0.00 Mil).

FLJ Group Long-Term Capital Lease Obligation Historical Data

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

FLJ Group Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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41.99

35.64

FLJ Group Semi-Annual Data
	Sep17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							-	-	-	27.41	-

FLJ Group (NAS:FLJ) 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.

FLJ Group Long-Term Capital Lease Obligation Related Terms

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FLJ Group (FLJ Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » FLJ Group Ltd (NAS:FLJ) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 18, Gongping Road, 2nd Floor, Building 5, Hongkou District, Shanghai, CHN, 200082

Website

http://www.qk365.com

FLJ Group Ltd is engaged in providing an apartment rental platform in China. The company leases apartments from landlords and transforms these apartments, into standardized furnished rooms to lease to people seeking residence in cities. It cooperates with third parties, including professional home service providers, e-commerce companies, and other service providers to facilitate value-added services for its tenants.