Linkage Global (Linkage Global) Long-Term Capital Lease Obligation : $0.44 Mil (As of Sep. 2023)

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What is Linkage Global Long-Term Capital Lease Obligation?

Linkage Global's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.44 Mil.

Linkage Global's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 ($0.00 Mil) to Mar. 2023 ($1.04 Mil) but then declined from Mar. 2023 ($1.04 Mil) to Sep. 2023 ($0.44 Mil).

Linkage Global's annual Long-Term Capital Lease Obligation stayed the same from Sep. 2021 ($0.00 Mil) to Sep. 2022 ($0.00 Mil) but then increased from Sep. 2022 ($0.00 Mil) to Sep. 2023 ($0.44 Mil).

Linkage Global Long-Term Capital Lease Obligation Historical Data

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

Linkage Global Annual Data

Trend

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

0.44

Linkage Global Semi-Annual Data
	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	-	-	-	1.04	0.44

Linkage Global (NAS:LGCB) 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.

Linkage Global Long-Term Capital Lease Obligation Related Terms

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Linkage Global (Linkage Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Linkage Global Inc (NAS:LGCB) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-23-3 Minami-Ikebukuro, Toshima-ku, Tokyo, JPN, 171-0022

Website

https://www.linkagecc.com

Linkage Global Inc is a cross-border e-commerce integrated service provider. It provides global e-commerce merchants, overseas brands, import and export trading enterprises, etc. with a globally selected supply chain, digital marketing, e-commerce training, global store, ERP and e-commerce software, social e-commerce and other e-commerce integrated services. It is Committed to building a one-stop cross-border integrated service platform to make cross-border trade easier.

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