Credito RealB de CV Sofom ER (Credito RealB de CV Sofom ER) Long-Term Capital Lease Obligation : $0.0 Mil (As of Sep. 2021)

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What is Credito RealB de CV Sofom ER Long-Term Capital Lease Obligation?

Credito RealB de CV Sofom ER's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2021 was $0.0 Mil.

Credito RealB de CV Sofom ER Long-Term Capital Lease Obligation Historical Data

The historical data trend for Credito RealB de CV Sofom ER'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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Credito RealB de CV Sofom ER Long-Term Capital Lease Obligation Chart

Credito RealB de CV Sofom ER Annual Data

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Long-Term Capital Lease Obligation

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Credito RealB de CV Sofom ER Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Credito RealB de CV Sofom ER (OTCPK:CRQDQ) 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.

Credito RealB de CV Sofom ER Long-Term Capital Lease Obligation Related Terms

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Credito RealB de CV Sofom ER (Credito RealB de CV Sofom ER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Credito Real SAB de CV Sofom ER (OTCPK:CRQDQ) » Definitions » Long-Term Capital Lease Obligation

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Address

Avenida Insurgentes Sur No. 730, 20th Floor, Colonia Del Valle Norte, Del Benito Juarez, Mexico, MEX, MEX, 03103

Website

http://www.creditoreal.com.mx

Credito Real SAB de CV Sofom ER is a nonbanking financial institution in Mexico that focuses on consumer lending to low-income and middle-income customers. The company primarily makes payroll loans, durable goods loans, small business loans, group loans and used-car loans.

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