FINEOS Holdings (FINEOS Holdings) Long-Term Capital Lease Obligation : $4.5 Mil (As of Dec. 2023)

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What is FINEOS Holdings Long-Term Capital Lease Obligation?

FINEOS Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4.5 Mil.

FINEOS Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($0.0 Mil) to Jun. 2023 ($5.0 Mil) but then declined from Jun. 2023 ($5.0 Mil) to Dec. 2023 ($4.5 Mil).

FINEOS Holdings's annual Long-Term Capital Lease Obligation declined from Jun. 2020 ($7.0 Mil) to Jun. 2021 ($6.3 Mil) and declined from Jun. 2021 ($6.3 Mil) to Jun. 2022 ($4.8 Mil).

FINEOS Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for FINEOS Holdings'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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FINEOS Holdings Long-Term Capital Lease Obligation Chart

FINEOS Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Long-Term Capital Lease Obligation

7.04

6.34

4.82

FINEOS Holdings Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					-	4.82	-	4.98	4.50

FINEOS Holdings (OTCPK:FNCHF) 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.

FINEOS Holdings Long-Term Capital Lease Obligation Related Terms

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FINEOS Holdings (FINEOS Holdings) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

0M9:Germany FCL:Australia

Address

East Point Business Park, Alfie Byrne Road, Fineos House, East Wall, Dublin, IRL, D03 FT97

Website

https://www.fineos.com

Fineos Corp Holdings PLC is an Irish company engaged in providing software solutions that include management and administration of policies and claims to the life, accident, and health insurance industry. The company's platform, Fineos AdminSuite, comprises Fineos Absence, Fineos Billing, Fineos Claims, Fineos Payments, and Fineos Provider, among other solutions.