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The Mint (The Mint) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2023)


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What is The Mint Long-Term Capital Lease Obligation?

The Mint's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil.


The Mint Long-Term Capital Lease Obligation Historical Data

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

The Mint Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Long-Term Capital Lease Obligation
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The Mint Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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The Mint  (OTCPK:MITJF) 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.

The Mint Long-Term Capital Lease Obligation Related Terms

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The Mint (The Mint) Business Description

Traded in Other Exchanges
Address
333 Bay Street, Suite 1700, Toronto, ON, CAN, M5H 2R2
The Mint Corp, through its subsidiaries, is a globally certified payments company focused on offering financial services to the unbanked salaried worker in the United Arab Emirates (UAE). The Group manages the issuance, administration, customer support, payment processing, and set-up and reporting of payroll cards. In addition, it also provides additional services to cardholders, including mobile airtime top-up and mobile payments.

The Mint (The Mint) Headlines

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