Raffles Financial Group (Raffles Financial Group) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2021)

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What is Raffles Financial Group Long-Term Capital Lease Obligation?

Raffles Financial Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2021 was $0.00 Mil.

Raffles Financial Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Raffles Financial Group'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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Raffles Financial Group Long-Term Capital Lease Obligation Chart

Raffles Financial Group Annual Data

Trend

Jun19

Long-Term Capital Lease Obligation

Raffles Financial Group Quarterly Data
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Raffles Financial Group (OTCPK:RAFFF) 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.

Raffles Financial Group Long-Term Capital Lease Obligation Related Terms

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Raffles Financial Group (Raffles Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Raffles Financial Group Ltd (OTCPK:RAFFF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

BOM:523736 LSE:AGFX BOM:511605 TSE:7185 TSX:FXC TSX:XAU TSE:8614 BOM:543263 XKRX:001290 XPRA:SABFG

Traded in Other Exchanges

N/A

Address

3 Shenton Way, No. 11-1H Shenton House, Singapore, SGP, 068805

Website

https://www.rafflesfinancial.co

Raffles Financial Group Ltd is engaged in providing financial advisory services. The company serves as an advisor for family trusts, family offices, and investment funds. The company provides corporate finance guidance and public listing advisory for Asian companies planning for IPO on stock exchanges like Australia, Canada, Germany, Hong Kong, Singapore, and the United States. It also guides companies for capital structure across debt, hybrid, derivative and equity-linked products.

Raffles Financial Group (Raffles Financial Group) Headlines

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