Prestige Wealth (Prestige Wealth) Long-Term Capital Lease Obligation : $0.16 Mil (As of Sep. 2023)

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What is Prestige Wealth Long-Term Capital Lease Obligation?

Prestige Wealth's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.16 Mil.

Prestige Wealth's quarterly Long-Term Capital Lease Obligation stayed the same from Sep. 2022 ($0.00 Mil) to Mar. 2023 ($0.00 Mil) but then increased from Mar. 2023 ($0.00 Mil) to Sep. 2023 ($0.16 Mil).

Prestige Wealth's annual Long-Term Capital Lease Obligation stayed the same from Sep. 2021 ($0.00 Mil) to Sep. 2022 ($0.00 Mil) but then increased from Sep. 2022 ($0.00 Mil) to Sep. 2023 ($0.16 Mil).

Prestige Wealth Long-Term Capital Lease Obligation Historical Data

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

Prestige Wealth Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

0.16

Prestige Wealth Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	-	-	-	0.16

Prestige Wealth (NAS:PWM) 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.

Prestige Wealth Long-Term Capital Lease Obligation Related Terms

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Prestige Wealth (Prestige Wealth) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Prestige Wealth Inc (NAS:PWM) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Queen’s Road Central, Suite 5102, 51th Floor, Cheung Kong Center, Hong Kong, HKG

Website

https://www.prestigewm.hk

Prestige Wealth Inc is engaged in providing private wealth management services and asset management to high-net-worth and ultra-high-net-worth individuals and enterprises through its subsidiaries.

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