Ispire Technology (Ispire Technology) Long-Term Capital Lease Obligation : $3.1 Mil (As of Dec. 2023)

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What is Ispire Technology Long-Term Capital Lease Obligation?

Ispire Technology's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.1 Mil.

Ispire Technology's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($3.4 Mil) to Sep. 2023 ($3.4 Mil) but then declined from Sep. 2023 ($3.4 Mil) to Dec. 2023 ($3.1 Mil).

Ispire Technology's annual Long-Term Capital Lease Obligation declined from Jun. 2021 ($0.3 Mil) to Jun. 2022 ($0.0 Mil) but then increased from Jun. 2022 ($0.0 Mil) to Jun. 2023 ($3.4 Mil).

Ispire Technology Long-Term Capital Lease Obligation Historical Data

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

Ispire Technology Annual Data

Trend

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

0.27

3.36

Ispire Technology Quarterly Data
	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					2.83	3.61	3.36	3.39	3.07

Ispire Technology (NAS:ISPR) 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.

Ispire Technology Long-Term Capital Lease Obligation Related Terms

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Ispire Technology (Ispire Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Ispire Technology Inc (NAS:ISPR) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

19700 Magellan Drive, Los Angeles, CA, USA, 90502

Website

https://www.ispiretechnology.com

Ispire Technology Inc is engaged in the research and development, design, commercialization, sales, marketing and distribution of branded e-cigarettes and cannabis vaping products.

Executives

Daniel J. Machock	officer: Chief Financial Officer	19700 MAGELLAN DRIVE, LOS ANGELESC CA 90502
Christopher Robert Burch	director	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Jeffrey Doiron	officer: Chief Revenue Officer	3606 W MAGNOLIA BLVD, BURBANK CA 91505
John Fargis	director	2000 S BAYSHORE DR, UNIT 20, MIAMI FL 33133
Joel Paritz	director	204 MAIN STREET, FORT LEE NJ 07024
Lauren Stower	officer: Chief Impact Officer	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Brent Cox	director	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Ted Rouhani	officer: Chief Operating Officer	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Michael Xue Wang	officer: CHIEF FINANCIAL OFFICER	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Tuanfang Liu	director, 10 percent owner, officer: CEO and Chairman	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Jiangyan Zhu	director	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Pride Worldwide Investment Ltd	10 percent owner	14 JIANAN ROAD, TANGWEI FUYONG TOWN GUANGDONG PROVINCE, SHENZHEN F4 000000