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Raiz Invest (ASX:RZI) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)


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What is Raiz Invest Long-Term Capital Lease Obligation?

Raiz Invest's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil.


Raiz Invest Long-Term Capital Lease Obligation Historical Data

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

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Raiz Invest  (ASX:RZI) 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.

Raiz Invest Long-Term Capital Lease Obligation Related Terms

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Raiz Invest (ASX:RZI) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2 Bulletin Place, Level 11, Sydney, NSW, AUS, 2000
Raiz Invest Ltd provides financial services and products through its mobile first micro-investing platform which offers its customers an easy way to regularly invest either small or large amounts of money using the Raiz mobile application or through the Raiz website in Australia, Indonesia, and Malaysia. The company's operating segment includes Raiz Invest Micro Investing Platform and Other Financial Services. It generates maximum revenue from the Raiz Invest Micro Investing Platform segment.

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