OFX Group (ASX:OFX) Long-Term Capital Lease Obligation : A$0.0 Mil (As of Sep. 2023)

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What is OFX Group Long-Term Capital Lease Obligation?

OFX Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was A$0.0 Mil.

OFX Group's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (A$14.5 Mil) to Mar. 2022 (A$0.0 Mil) but then stayed the same from Mar. 2022 (A$0.0 Mil) to Mar. 2023 (A$0.0 Mil).

OFX Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for OFX Group'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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OFX Group Long-Term Capital Lease Obligation Chart

OFX Group Annual Data

Trend

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Mar23

Long-Term Capital Lease Obligation

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18.23

14.46

OFX Group Semi-Annual Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

OFX Group (ASX:OFX) 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.

OFX Group Long-Term Capital Lease Obligation Related Terms

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OFX Group (ASX:OFX) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » OFX Group Ltd (ASX:OFX) » Definitions » Long-Term Capital Lease Obligation

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Address

60 Margaret Street, Level 19, Sydney, NSW, AUS, 2000

Website

https://www.ofx.com

OFX Group Ltd is a low-cost international multicurrency payments provider via its online platform and network of global bank accounts. The company's two products are international payment services and international payment solutions. Its International payment services are monitored by geographic region and provide bank to bank currency transfers servicing businesses and consumers. International payment solutions are monitored globally and provide strategic partners with a package which includes: OFX IT platform; client service; compliance; banking relationships; and payment capabilities.

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