Conafi SpA (MIL:CNF) Long-Term Capital Lease Obligation : €0.00 Mil (As of Dec. 2023)

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What is Conafi SpA Long-Term Capital Lease Obligation?

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

Conafi SpA Long-Term Capital Lease Obligation Historical Data

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

Conafi SpA Annual Data

Trend

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Long-Term Capital Lease Obligation

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Conafi SpA Semi-Annual Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Conafi SpA (MIL:CNF) 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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Conafi SpA (MIL:CNF) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Conafi SpA (MIL:CNF) » Definitions » Long-Term Capital Lease Obligation

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Address

Via Aldo Barbaro, 15, Turin, ITA, 10143

Website

http://www.conafi.it

Conafi SpA is engaged in the provision of personal loans products. The company is active in brokering and financial services, specializing in loans with repayment by assignment of the fifth salary or pension and payment of state and public or private company.