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Kindcard (Kindcard) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jan. 2024)


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What is Kindcard Long-Term Capital Lease Obligation?

Kindcard's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.00 Mil.


Kindcard Long-Term Capital Lease Obligation Historical Data

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

Kindcard Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Long-Term Capital Lease Obligation
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Kindcard Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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Kindcard  (OTCPK:KCRD) 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.

Kindcard Long-Term Capital Lease Obligation Related Terms

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Kindcard (Kindcard) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Kindcard Inc (OTCPK:KCRD) » Definitions » Long-Term Capital Lease Obligation
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1001 Yamato Road, Suite 100, Boca Raton, FL, USA, 33496
Kindcard Inc is the payment platform of the future. It offers a more secure and less expensive way for businesses to accept payment for services or products, rather than using cash, conventional checks or credit cards. It is providing proprietary stored value programs to small and mid-sized entities, chain stores, and other multi-location environments via its host-capture processing system.

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