Fast Finance24 Holding AG (XTER:FF24) Long-Term Capital Lease Obligation : €0.00 Mil (As of Dec. 2021)

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What is Fast Finance24 Holding AG Long-Term Capital Lease Obligation?

Fast Finance24 Holding AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2021 was €0.00 Mil.

Fast Finance24 Holding AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Fast Finance24 Holding AG'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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Fast Finance24 Holding AG Long-Term Capital Lease Obligation Chart

Fast Finance24 Holding AG Annual Data

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Long-Term Capital Lease Obligation

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Fast Finance24 Holding AG Quarterly Data
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Fast Finance24 Holding AG (XTER:FF24) 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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Fast Finance24 Holding AG (XTER:FF24) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Fast Finance24 Holding AG (XTER:FF24) » Definitions » Long-Term Capital Lease Obligation

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Address

Uhlandstrasse 165/166, Berlin, DEU, 10719

Website

https://www.fastfinance24.com

Fast Finance24 Holding AG is involved in providing different online products for consumer credits such as FF24 Rent, FF24 payments and FF24 Pay offering financial services to benefit the underbanked people facing a short-term economic issue. It also consists of other products such as FF24 Trade, FF24 invest and OK.de. FF24 Rent platform is optimised for both desktop and mobile devices. This means that a customer can instantly request a loan on the go, whenever and wherever he needs it.

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