Afterpay (Afterpay) Long-Term Capital Lease Obligation : $24.5 Mil (As of Jun. 2021)

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What is Afterpay Long-Term Capital Lease Obligation?

Afterpay's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2021 was $24.5 Mil.

Afterpay's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2020 ($0.0 Mil) to Dec. 2020 ($0.0 Mil) but then increased from Dec. 2020 ($0.0 Mil) to Jun. 2021 ($24.5 Mil).

Afterpay's annual Long-Term Capital Lease Obligation stayed the same from Jun. 2019 ($0.0 Mil) to Jun. 2020 ($0.0 Mil) but then increased from Jun. 2020 ($0.0 Mil) to Jun. 2021 ($24.5 Mil).

Afterpay Long-Term Capital Lease Obligation Historical Data

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

Afterpay Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Long-Term Capital Lease Obligation

24.46

Afterpay Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				-	-	-	-	24.46

Afterpay (OTCPK:AFTPY) 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.

Afterpay Long-Term Capital Lease Obligation Related Terms

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Afterpay (Afterpay) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Afterpay Ltd (OTCPK:AFTPY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

406 Collins Street, Level 5, Melbourne, VIC, AUS, 3000

Website

https://www.afterpay.com

Afterpay started its buy now, pay later, or BNPL, financing product in calendar 2015, listed on the ASX in May 2016 and merged with Touchcorp (who designed and built Afterpay's platform software) in June 2017. Its BNPL platform allows consumers to make acquisitions at merchant partners by paying instalments every two weeks. If consumers pay on time, they transact on Afterpay for free. Afterpay primarily generates revenue from receiving a margin from the merchant. Afterpay pays the merchant the full purchase price immediately on the sale, less this margin. The margin compensates Afterpay for accepting all non-payment risk, including credit risk and fraud by the consumer, and for encouraging consumers to purchase greater dollar values and transact more frequently.