Longfin (Longfin) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2018)

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What is Longfin Long-Term Capital Lease Obligation?

Longfin's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2018 was $0.00 Mil.

Longfin Long-Term Capital Lease Obligation Historical Data

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

Longfin Annual Data

Trend

Dec17

Long-Term Capital Lease Obligation

Longfin Quarterly Data
	Feb17	Jun17	Sep17	Dec17	Mar18	Jun18
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Longfin (OTCPK:LFIN) 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.

Longfin Long-Term Capital Lease Obligation Related Terms

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Longfin (Longfin) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Longfin Corp (OTCPK:LFIN) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

16-017, 85 Broad Street, New York, NY, USA, 10004

Website

http://www.longfincorp.com

Longfin Corp is a US-based finance and technology company. It specializes in providing structured trade finance solutions and physical commodities finance solutions for finance houses and trading platforms for North America, South America, and Africa regions. The core business activity of the company is to provide Financing and FX services to importers and exporters. The services provided by the company includes importer and exporters financing, trade insurance-backed financing, financial institution intermediation, risk management engine and other.