Newegg Commerce (Newegg Commerce) Long-Term Capital Lease Obligation : $68.1 Mil (As of Dec. 2023)

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What is Newegg Commerce Long-Term Capital Lease Obligation?

Newegg Commerce's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $68.1 Mil.

Newegg Commerce's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($73.6 Mil) to Sep. 2023 ($70.0 Mil) and declined from Sep. 2023 ($70.0 Mil) to Dec. 2023 ($68.1 Mil).

Newegg Commerce's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($84.3 Mil) to Dec. 2022 ($74.8 Mil) and declined from Dec. 2022 ($74.8 Mil) to Dec. 2023 ($68.1 Mil).

Newegg Commerce Long-Term Capital Lease Obligation Historical Data

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

Newegg Commerce Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

39.04

84.31

74.84

68.13

Newegg Commerce Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								78.54	74.84	73.56	70.05	68.13

Newegg Commerce (NAS:NEGG) 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.

Newegg Commerce Long-Term Capital Lease Obligation Related Terms

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Newegg Commerce (Newegg Commerce) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Newegg Commerce Inc (NAS:NEGG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

J8D1:Germany J8D:Germany

Address

17560 Rowland Street, City of Industry, CA, USA, 91748

Website

https://www.newegg.com

Newegg Commerce Inc is an e-commerce company offering direct sales and an online marketplace platform for IT computer components, consumer electronics, entertainment, smart home and gaming products and provides certain third-party logistics services globally.