Sarvodaya Development Finance (COL:SDF.N0000) Long-Term Capital Lease Obligation : රු0.00 Mil (As of . 20)

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What is Sarvodaya Development Finance Long-Term Capital Lease Obligation?

Sarvodaya Development Finance's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was රු0.00 Mil.

Sarvodaya Development Finance Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sarvodaya Development Finance'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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Sarvodaya Development Finance Long-Term Capital Lease Obligation Chart

Sarvodaya Development Finance Annual Data

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Long-Term Capital Lease Obligation

Sarvodaya Development Finance Semi-Annual Data

Long-Term Capital Lease Obligation

Sarvodaya Development Finance (COL:SDF.N0000) 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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Sarvodaya Development Finance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Sarvodaya Development Finance PLC (COL:SDF.N0000) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 155/A, Dr. Danister De Silva Mawatha, Colombo, LKA, 08

Website

https://www.sarvodayafinance.lk

Sarvodaya Development Finance PLC is a microcredit institution that supports underserved rural economies and grassroots entrepreneurism. Its product offerings include Housing Loans, Leasing, Micro Loans, Fixed deposits, and General Savings, among others. The group has three reportable segments: Lease; Loan and Other Business.

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