SmartPay Holdings (NZSE:SPY) Long-Term Capital Lease Obligation : NZ$5.28 Mil (As of Mar. 2024)

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What is SmartPay Holdings Long-Term Capital Lease Obligation?

SmartPay Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NZ$5.28 Mil.

SmartPay Holdings's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (NZ$3.63 Mil) to Sep. 2023 (NZ$0.00 Mil) but then increased from Sep. 2023 (NZ$0.00 Mil) to Mar. 2024 (NZ$5.28 Mil).

SmartPay Holdings's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (NZ$4.65 Mil) to Mar. 2023 (NZ$3.63 Mil) but then increased from Mar. 2023 (NZ$3.63 Mil) to Mar. 2024 (NZ$5.28 Mil).

SmartPay Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for SmartPay 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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SmartPay Holdings Long-Term Capital Lease Obligation Chart

SmartPay Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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0.62

0.01

4.65

3.63

5.28

SmartPay Holdings Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															4.65	-	3.63	-	5.28

SmartPay Holdings (NZSE:SPY) 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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SmartPay Holdings (NZSE:SPY) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » SmartPay Holdings Ltd (NZSE:SPY) » Definitions » Long-Term Capital Lease Obligation

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SMP:Australia

Address

205-209 Wairau Road, Wairau Valley, Auckland, NZL, 0627

Website

https://www.smartpay.co.nz

SmartPay Holdings Ltd is engaged in the provision of payment solutions. It offers an electronic funds transfer at point of sale (EFTPOS) system. Its products include EFTPOS applications, Smartpay Labs, EFTPOS terminals, and mobile EFTPOS machines. The company designs develops and implements payment solutions for customers in New Zealand and Australia. It also licenses its technologies to third parties. The firm's majority of revenue comes from New Zealand.