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Finbar Group (Finbar Group) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)


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What is Finbar Group Long-Term Capital Lease Obligation?

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


Finbar Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Finbar Group'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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Finbar Group Long-Term Capital Lease Obligation Chart

Finbar Group Annual Data
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Long-Term Capital Lease Obligation
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Finbar Group Semi-Annual Data
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Finbar Group  (OTCPK:FNBRF) 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.

Finbar Group Long-Term Capital Lease Obligation Related Terms

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Finbar Group (Finbar Group) Business Description

Industry
Traded in Other Exchanges
Address
181 Adelaide Terrace, Level 6, East Perth, Perth, WA, AUS, 6004
Finbar Group Ltd develops and invests in properties in Australia. The company develops medium to high density residential apartments and commercial properties, as well as rents its properties in Western Australia. It operates through the following segments: Residential apartment development, Commercial office/Retail development, Rental of property, and Corporate. The majority of the group's revenue is generated through the Residential apartment development segment in Western Australia. Geographically the group operates in Western Australia.

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