Helo (HLOC) Long-Term Capital Lease Obligation : $0.92 Mil (As of Sep. 2023)

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What is Helo Long-Term Capital Lease Obligation?

Helo's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.92 Mil.

Helo's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 ($0.00 Mil) to Jun. 2023 ($0.83 Mil) and increased from Jun. 2023 ($0.83 Mil) to Sep. 2023 ($0.92 Mil).

Helo Long-Term Capital Lease Obligation Historical Data

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

Helo Annual Data

Trend

Dec12

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Long-Term Capital Lease Obligation

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Helo Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Jun22	Sep22	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	0.83	0.92

Helo (OTCPK:HLOC) 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.

Helo Long-Term Capital Lease Obligation Related Terms

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Helo (HLOC) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Helo Corp (OTCPK:HLOC) » Definitions » Long-Term Capital Lease Obligation

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Address

180 Steuart Street, Suite 192750, San Francisco, CA, USA, 94119

Website

https://www.helocorp.com

Helo Corp is a life-sensing technology company. The company designs, manufactures and sells connected, next-generation, wearable devices, and mobile products. It designs and sells its own range of integrated mobile technology products such as SPACE Wireless smartphones and Helo smart bands. These products are manufactured by third-party factories in China. It also provides mobile telecom services to consumers through exclusive sales agreements with regional third-party distributors across the world.