Fiinu (FRA:LWW) Long-Term Capital Lease Obligation : €0.00 Mil (As of Dec. 2023)

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What is Fiinu Long-Term Capital Lease Obligation?

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

Fiinu's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€0.11 Mil) to Jun. 2023 (€0.03 Mil) and declined from Jun. 2023 (€0.03 Mil) to Dec. 2023 (€0.00 Mil).

Fiinu's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (€0.00 Mil) to Dec. 2022 (€0.11 Mil) but then declined from Dec. 2022 (€0.11 Mil) to Dec. 2023 (€0.00 Mil).

Fiinu Long-Term Capital Lease Obligation Historical Data

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

Fiinu Annual Data

Trend

Mar19

Mar20

Mar21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.11

Fiinu Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				-	-	0.11	0.03	-

Fiinu (FRA:LWW) 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.

Fiinu Long-Term Capital Lease Obligation Related Terms

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Fiinu (FRA:LWW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Fiinu PLC (FRA:LWW) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

BANK:UK

Address

Meadows Business Park, Station Approach, Blackwater, Camberley, GBR, GU17 9AB

Website

https://www.fiinu.com

Fiinu PLC is a digital banking platform intended to unbundle overdraft solutions without needing to switch banks. The company offers led interest income, deposit margin banking infrastructure provider and helps to manage budget or those short-term unexpected costs, in a simple and responsible way, thereby assisting individuals with short-term unexpected expenses while maintaining financial prudence to reshape banking into a hassle-free, transparent, and efficient journey.

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