Tap Global Group (AQSE:TAP) Long-Term Capital Lease Obligation : £0.00 Mil (As of Jun. 2022)

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What is Tap Global Group Long-Term Capital Lease Obligation?

Tap Global Group's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2022 was £0.00 Mil.

Tap Global Group's annual Long-Term Capital Lease Obligation stayed the same from Jun. 2021 (£0.00 Mil) to Jun. 2022 (£0.00 Mil) but then increased from Jun. 2022 (£0.00 Mil) to Jun. 2023 (£0.06 Mil).

Tap Global Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tap Global 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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Tap Global Group Long-Term Capital Lease Obligation Chart

Tap Global Group Annual Data

Trend

Jun15

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Jun23

Long-Term Capital Lease Obligation

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0.06

Tap Global Group Semi-Annual Data
	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				-	-	-	-	0.06

Tap Global Group (AQSE:TAP) 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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Tap Global Group (AQSE:TAP) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Tap Global Group Plc (AQSE:TAP) » Definitions » Long-Term Capital Lease Obligation

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Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.tap.global

Tap Global Group Plc is a regulated and fully integrated crypto-fiat exchange service provider with an associated neo banking platform. Tap's mission is to create a seamless and fully regulated bridge that links fiat banking, traditional assets and crypto markets. Built on its exchange foundation, the company also offers consumer and corporate crypto-fiat banking services and DeFi yield products.