SenseTime Group (HKSE:00020) Long-Term Capital Lease Obligation : HK$159 Mil (As of Dec. 2023)

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What is SenseTime Group Long-Term Capital Lease Obligation?

SenseTime Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$159 Mil.

SenseTime Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$118 Mil) to Jun. 2023 (HK$218 Mil) but then declined from Jun. 2023 (HK$218 Mil) to Dec. 2023 (HK$159 Mil).

SenseTime Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$280 Mil) to Dec. 2022 (HK$118 Mil) but then increased from Dec. 2022 (HK$118 Mil) to Dec. 2023 (HK$159 Mil).

SenseTime Group Long-Term Capital Lease Obligation Historical Data

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

SenseTime Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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329.09

218.25

280.16

117.51

158.92

SenseTime Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					280.16	218.24	117.51	217.84	158.92

SenseTime Group (HKSE:00020) 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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SenseTime Group (HKSE:00020) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » SenseTime Group Inc (HKSE:00020) » Definitions » Long-Term Capital Lease Obligation

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SNTMF:USA

Address

No. 1900 Hongmei Road, Xuhui District, Shanghai, CHN, 200233

Website

https://www.sensetime.com

SenseTime Group Inc is a software company focused on creating an AI-empowered future through innovation. The Company develops software & hardware products for different industry verticals and use cases based on the same AI infrastructure platform & model training framework. The principal activities of the Group are the sale of advanced AI software, the sale of AI software platform & related services, the sale of AI software-embedded hardware and related services, AIDC service as well as research and development activities in relation to AI technologyThe Company is domiciled in the Cayman Islands while the Group mainly operates its businesses in four geographical areas of the world Mainland China, Northeast Asia, Southeast Asia, and others, out of which the majority is from Mainland China.

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