Fintech Asia (LSE:FINA) Long-Term Capital Lease Obligation : £0.00 Mil (As of Jun. 2024)

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What is Fintech Asia Long-Term Capital Lease Obligation?

Fintech Asia's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was £0.00 Mil.

Fintech Asia Long-Term Capital Lease Obligation Historical Data

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

Fintech Asia Annual Data

Trend

Long-Term Capital Lease Obligation

Fintech Asia Semi-Annual Data
	Dec21	Jun22	Dec22	Jun24
Long-Term Capital Lease Obligation	-	-	-	-

Fintech Asia (LSE:FINA) 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.

Fintech Asia Long-Term Capital Lease Obligation Related Terms

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Fintech Asia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Fintech Asia Ltd (LSE:FINA) » Definitions » Long-Term Capital Lease Obligation

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Address

Les Echelons Court, Les Echelons, Saint Peter Port, GGY, GY1 1AR

Website

https://www.fintechasialtd.com

Fintech Asia Ltd is an investment company. The principal activity of the company is to undertake the acquisition of one or more companies or businesses in the financial technology sector that offer new technologies that seek to improve and automate the delivery and use of financial services in Asia or from Asia into the Western economies. It is formed to undertake acquisitions of target companies or businesses in the Fintech sector.

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