X3 Holdings Co (X3 Holdings Co) Long-Term Capital Lease Obligation : $0.11 Mil (As of Dec. 2023)

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What is X3 Holdings Co Long-Term Capital Lease Obligation?

X3 Holdings Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.11 Mil.

X3 Holdings Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($0.10 Mil) to Jun. 2023 ($0.17 Mil) but then declined from Jun. 2023 ($0.17 Mil) to Dec. 2023 ($0.11 Mil).

X3 Holdings Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.10 Mil) and increased from Dec. 2022 ($0.10 Mil) to Dec. 2023 ($0.11 Mil).

X3 Holdings Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for X3 Holdings Co'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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X3 Holdings Co Long-Term Capital Lease Obligation Chart

X3 Holdings Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.10

0.11

X3 Holdings Co Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										-	0.04	0.10	0.17	0.11

X3 Holdings Co (NAS:XTKG) 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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X3 Holdings Co (X3 Holdings Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » X3 Holdings Co Ltd (NAS:XTKG) » Definitions » Long-Term Capital Lease Obligation

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Address

Advanced Business Park, 29 Lanwan Lane, 9th Floor, Building C2, Hightech District, Guangdong Province, Zhuhai, CHN, 519080

Website

https://www.powerbridge.com

Powerbridge Technologies Co Ltd provides a software application, technology solutions, and services to corporate and government customers. The company offers services such as Powerbridge System Solutions, Powerbridge SaaS Services, Powerbridge BaaS Services, and others. It generates its revenue in the form of application development services, consulting and technical support services, and subscription services. All of its revenues are generated from the People's Republic of China.