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Codeifai (ASX:CDE) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2024)


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What is Codeifai Long-Term Capital Lease Obligation?

Codeifai's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.00 Mil.


Codeifai Long-Term Capital Lease Obligation Historical Data

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

Codeifai Annual Data
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Long-Term Capital Lease Obligation
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Codeifai Semi-Annual Data
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Codeifai  (ASX:CDE) 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.

Codeifai Long-Term Capital Lease Obligation Related Terms

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Codeifai Business Description

Industry
Traded in Other Exchanges
N/A
Address
126 Philip Street, Level 5, Sydney, NSW, AUS, 2000
Codeifai Ltd is engaged in sales, marketing, and developer of consumer engagement solutions to brand owners centered around the generation and management of QR codes through its website which is the Company's QR code management platform Connect(TM). The Group is categorized as a bundled complete solution offering that encompasses products and services which are available to customers, including a Digital engagement platform, Covert forensic products and Brand protection labelling solutions. The company operates in Australia, the People's Republic of China, Thailand and the United States of America. It derives maximum revenue from Australia.