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FinTech Chain (ASX:FTC) Long-Term Capital Lease Obligation

: A$0.00 Mil (As of Sep. 2023)
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FinTech Chain's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was A$0.00 Mil.

FinTech Chain's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (A$0.28 Mil) to Mar. 2022 (A$0.01 Mil) and declined from Mar. 2022 (A$0.01 Mil) to Mar. 2023 (A$0.00 Mil).

FinTech Chain Long-Term Capital Lease Obligation Historical Data

The historical data trend for FinTech Chain'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.

* Premium members only.

FinTech Chain Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Long-Term Capital Lease Obligation
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 0.28 0.01 -

FinTech Chain Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Long-Term Capital Lease Obligation Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.01 - - -

FinTech Chain  (ASX:FTC) 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.

FinTech Chain Long-Term Capital Lease Obligation Related Terms

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FinTech Chain (ASX:FTC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » FinTech Chain Ltd (ASX:FTC) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
ASX:KNO ASX:W2V ASX:EXT ASX:INP ASX:S3N ASX:GTH ASX:WHK ASX:EPX ASX:XPN ASX:ADS MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SPLK
Traded in Other Exchanges
N/A
Address
56 Dundas Street, Unit 1806, 18th Floor, Gala Place, Mongkok, Kowloon, Hong Kong, HKG
Website
https://www.ttg.hk
FinTech Chain Ltd is a provider of Integrated Payment Acquiring infrastructure for banks and Industry Application Solutions. Geographically, it derives a majority of its revenue from PRC. It serves banking, catering, department store, community, tourism, and retail industries. Its product portfolio includes Prepaid Cards, Integrated Payment Systems, POS P, BIN-Based Promotion Tools, Transaction E-Authentication, Digital Community Service, T-Linx Cloud Service, T-PAD, TL-008/009, and others. The company earns revenue from the provision of system development services; provision of information technology services; provision of point-of-sale machine services and the sale of point-of-sale machines.