Alfa Financial Software Holdings (FRA:A9F) Long-Term Capital Lease Obligation : €7.9 Mil (As of Dec. 2023)

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What is Alfa Financial Software Holdings Long-Term Capital Lease Obligation?

Alfa Financial Software Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €7.9 Mil.

Alfa Financial Software Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€9.2 Mil) to Jun. 2023 (€8.6 Mil) and declined from Jun. 2023 (€8.6 Mil) to Dec. 2023 (€7.9 Mil).

Alfa Financial Software Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€17.9 Mil) to Dec. 2022 (€9.2 Mil) and declined from Dec. 2022 (€9.2 Mil) to Dec. 2023 (€7.9 Mil).

Alfa Financial Software Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Alfa Financial Software 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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Alfa Financial Software Holdings Long-Term Capital Lease Obligation Chart

Alfa Financial Software Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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20.44

17.46

17.89

9.20

7.89

Alfa Financial Software Holdings Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													17.89	16.66	9.20	8.62	7.89

Alfa Financial Software Holdings (FRA:A9F) 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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Alfa Financial Software Holdings (FRA:A9F) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Alfa Financial Software Holdings PLC (FRA:A9F) » Definitions » Long-Term Capital Lease Obligation

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ALFAl:UK ALFA:UK

Address

1 Fore Street Avenue, Moor Place, London, GBR, EC2Y 9DT

Website

https://www.alfasystems.com

Alfa Financial Software Holdings PLC is a Developer of software systems and services designed for the global asset and automotive finance industry. The company's technology platform supports both retail and corporate business for auto, equipment, wholesale, and dealer finance on a multijurisdictional basis, including leases/loans, originations, and servicing, enabling finance companies to find compelling solutions.

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