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Ebang International Holdings (STU:7EBA) Long-Term Capital Lease Obligation : €4.48 Mil (As of Dec. 2023)


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What is Ebang International Holdings Long-Term Capital Lease Obligation?

Ebang International Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €4.48 Mil.

Ebang International Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€5.43 Mil) to Jun. 2023 (€3.92 Mil) but then increased from Jun. 2023 (€3.92 Mil) to Dec. 2023 (€4.48 Mil).

Ebang International Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€1.77 Mil) to Dec. 2022 (€5.43 Mil) but then declined from Dec. 2022 (€5.43 Mil) to Dec. 2023 (€4.48 Mil).


Ebang International Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ebang International Holdings'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.

* Premium members only.

Ebang International Holdings Long-Term Capital Lease Obligation Chart

Ebang International Holdings Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial 0.33 0.10 1.77 5.43 4.48

Ebang International Holdings Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 1.77 1.31 5.43 3.92 4.48

Ebang International Holdings  (STU:7EBA) 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.

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Ebang International Holdings (STU:7EBA) Business Description

Traded in Other Exchanges
Address
No. 20-02B, 12 Marina View, Asia Square Tower 2, Singapore, SGP, 018961
Ebang International Holdings Inc is an application-specific integrated circuit, or ASIC, chip design company and a manufacturer of high-performance Bitcoin mining machines. The company's Ebit E10 model, is a commercial mining machine that uses 10 nm ASIC chips among other mining machine producers. It operates in a single segment selling Bitcoin mining machines and related accessories, telecommunications products and provision of management and maintenance services.

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