Act Financial (CAI:ACTF) Long-Term Capital Lease Obligation : E£0.00 Mil (As of . 20)

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What is Act Financial Long-Term Capital Lease Obligation?

Act Financial's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was E£0.00 Mil.

Act Financial Long-Term Capital Lease Obligation Historical Data

The historical data trend for Act Financial'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.
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Act Financial Long-Term Capital Lease Obligation Chart

Act Financial Annual Data

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Long-Term Capital Lease Obligation

Act Financial Semi-Annual Data

Long-Term Capital Lease Obligation

Act Financial (CAI:ACTF) 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.

Act Financial Long-Term Capital Lease Obligation Related Terms

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Act Financial Business Description

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Address

90th Street, SODIC Eastown EDNC, Building 5, Office 003, New Cairo, EGY

Website

https://www.act-fin.com

Act Financial is a company that has successfully navigated various investments and exits, spanning sectors such as financial, pharmaceutical, building materials, industrial, and real estate. It also specializes in diverse forms of equity investments, strategically engaging in buyouts, leveraged acquisitions, and a spectrum of liquid and illiquid investment opportunities. They provide comprehensive exposure to Egypt through a portfolio of investments, sectors, and asset classes to secure timely allocation to the right sector with the right structure.

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