Tantech Holdings (Tantech Holdings) Long-Term Capital Lease Obligation : $1.04 Mil (As of Jun. 2023)

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What is Tantech Holdings Long-Term Capital Lease Obligation?

Tantech Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $1.04 Mil.

Tantech Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 ($1.39 Mil) to Dec. 2022 ($1.26 Mil) and declined from Dec. 2022 ($1.26 Mil) to Jun. 2023 ($1.04 Mil).

Tantech Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($0.00 Mil) to Dec. 2021 ($0.22 Mil) and increased from Dec. 2021 ($0.22 Mil) to Dec. 2022 ($1.26 Mil).

Tantech Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tantech 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.

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Tantech Holdings Long-Term Capital Lease Obligation Chart

Tantech Holdings Annual Data

Trend

Dec13

Dec14

Dec15

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Dec17

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Dec19

Dec20

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Dec22

Long-Term Capital Lease Obligation

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0.22

1.26

Tantech Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	0.22	1.39	1.26	1.04

Tantech Holdings (NAS:TANH) 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.

Tantech Holdings Long-Term Capital Lease Obligation Related Terms

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Tantech Holdings (Tantech Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tantech Holdings Ltd (NAS:TANH) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Tantech Holdings (Lishui) Co., Ltd, No. 10 Cen Shan Road, Shuige Industrial Zone, Zhejiang Province, Lishui, CHN, 323000

Website

http://www.tantech.cn

Tantech Holdings Ltd manufactures bamboo charcoal-based products. The company through its subsidiaries is engaged in the production and distribution of household products along with a trading business which involves the export of charcoal products. It also manufactures electric double-layer capacitors carbon materials and low-emission barbecue charcoal. Its product portfolio includes air purifiers and humidifiers, underfloor humidity control, pillows and mattresses, wardrobe deodorizers, mousepads, and wrist mats, refrigerator deodorant, and charcoal toilet cleaner disks. The company has three reportable segments; the Consumer Product segment, the Electric Vehicle (EV) segment, and the Biodegradable Packaging segment.