Ucloudlink Group (Ucloudlink Group) Long-Term Capital Lease Obligation : $1.02 Mil (As of Mar. 2024)

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What is Ucloudlink Group Long-Term Capital Lease Obligation?

Ucloudlink Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1.02 Mil.

Ucloudlink Group's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($1.05 Mil) to Dec. 2023 ($1.29 Mil) but then declined from Dec. 2023 ($1.29 Mil) to Mar. 2024 ($1.02 Mil).

Ucloudlink Group's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.00 Mil) but then increased from Dec. 2022 ($0.00 Mil) to Dec. 2023 ($1.29 Mil).

Ucloudlink Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ucloudlink Group'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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Ucloudlink Group Long-Term Capital Lease Obligation Chart

Ucloudlink Group Annual Data

Trend

Dec17

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Dec21

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Dec23

Long-Term Capital Lease Obligation

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1.29

Ucloudlink Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.05	1.07	1.05	1.29	1.02

Ucloudlink Group (NAS:UCL) 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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Ucloudlink Group (Ucloudlink Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Ucloudlink Group Inc (NAS:UCL) » Definitions » Long-Term Capital Lease Obligation

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Address

132 Nathan Road, Tsim Sha Tsui, Unit 2214-Rm1, 22 Floor, Mira Place Tower A, Kowloon, Hong Kong, HKG

Website

https://www.ucloudlink.com

Ucloudlink Group Inc provides mobile data connectivity and portable WiFi services. The business operates under uCloudlink 1.0, which focuses on cross-border travelers that need mobile data connectivity services across different countries. Under uCloudlink 2.0, provides mobile data connectivity services to local users across different MNOs in a single country. It generates revenue from the provision of data connectivity services, and the sales of terminals and sales of data related products.