Fast Finance Pay (Fast Finance Pay) Long-Term Capital Lease Obligation : $0.00 Mil (As of . 20)

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What is Fast Finance Pay Long-Term Capital Lease Obligation?

Fast Finance Pay's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was $0.00 Mil.

Fast Finance Pay Long-Term Capital Lease Obligation Historical Data

The historical data trend for Fast Finance Pay'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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Fast Finance Pay Long-Term Capital Lease Obligation Chart

Fast Finance Pay Annual Data

Trend

Long-Term Capital Lease Obligation

Fast Finance Pay Semi-Annual Data

Long-Term Capital Lease Obligation

Fast Finance Pay (OTCPK:FFPP) 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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Fast Finance Pay (Fast Finance Pay) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fast Finance Pay Corp (OTCPK:FFPP) » Definitions » Long-Term Capital Lease Obligation

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Address

Uhlandstrasse 165/166, Berlin, DEU, 10719

Website

https://www.ff24pay-corp.com

Fast Finance Pay Corp is a FinTech company that offers payment processing solutions, ff24 Payments, and standard banking processes, combined with white-labeling banking capability. Its ff24 Payments offers payment processing solutions, whether for one-off purchases or recurring subscriptions and is aimed at large and small online merchants as well as operators of the growing number of websites. It derives its income from the freemium subscription model. The ff24 Pay offers banking and instant transfer solutions for a wide range of the world's important currencies.