Huize Holding (Huize Holding) Long-Term Capital Lease Obligation : $18.1 Mil (As of Dec. 2023)

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What is Huize Holding Long-Term Capital Lease Obligation?

Huize Holding's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $18.1 Mil.

Huize Holding's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($19.0 Mil) to Sep. 2023 ($18.2 Mil) and declined from Sep. 2023 ($18.2 Mil) to Dec. 2023 ($18.1 Mil).

Huize Holding's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($39.1 Mil) to Dec. 2022 ($25.3 Mil) and declined from Dec. 2022 ($25.3 Mil) to Dec. 2023 ($18.1 Mil).

Huize Holding Long-Term Capital Lease Obligation Historical Data

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

Huize Holding Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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38.55

39.12

25.25

18.11

Huize Holding Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															25.25	20.09	19.00	18.20	18.11

Huize Holding (NAS:HUIZ) 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.

Huize Holding Long-Term Capital Lease Obligation Related Terms

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Huize Holding (Huize Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Huize Holding Ltd (NAS:HUIZ) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qianhai Financial Centre, Linhai Avenue, 49 Floor, Building T1, Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen, CHN, 518000

Website

https://www.huize.com

Huize Holding Ltd is an independent online insurance product and service platform in China. The company distributes on its platform insurance products underwritten by the insurance companies who cooperate with the company, who the company refers to as its insurer partners, and helps them reach a large number of insurance clients. The company's platform offers digitalized insurance purchase experience and services through various internet and mobile internet channels. The company primarily generates revenues from the insurance brokerage fees paid by its insurer partners.