Planet Image International (Planet Image International) Long-Term Capital Lease Obligation : $0.7 Mil (As of Dec. 2023)

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What is Planet Image International Long-Term Capital Lease Obligation?

Planet Image International's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.7 Mil.

Planet Image International's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($1.8 Mil) to Jun. 2023 ($1.2 Mil) and declined from Jun. 2023 ($1.2 Mil) to Dec. 2023 ($0.7 Mil).

Planet Image International's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($2.7 Mil) to Dec. 2022 ($1.8 Mil) and declined from Dec. 2022 ($1.8 Mil) to Dec. 2023 ($0.7 Mil).

Planet Image International Long-Term Capital Lease Obligation Historical Data

The historical data trend for Planet Image International'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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Planet Image International Long-Term Capital Lease Obligation Chart

Planet Image International Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

4.46

3.51

2.71

1.79

0.68

Planet Image International Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				2.71	-	1.79	1.15	0.68

Planet Image International (NAS:YIBO) 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.

Planet Image International Long-Term Capital Lease Obligation Related Terms

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Planet Image International (Planet Image International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Planet Image International Ltd (NAS:YIBO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 756 Guangfu Road, Hi-tech Development Zone, Jiangxi Province, Xinyu, CHN

Website

http://www.goaster.com

Planet Image International Ltd is engaged in manufacturing and selling compatible toner cartridges. It develops and manufactures toner cartridges that are compatible with, and can be used in, a wide range of commonly available models of laser printers from different manufacturers, or compatible toner cartridges, on a white-label or third-party brand basis or under its self-owned brands. The company also sells its branded products through online sales channels under three brands, TrueImage, CoolToner, and AZtech.

Planet Image International (Planet Image International) Headlines

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