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Sino Payments (Sino Payments) Long-Term Capital Lease Obligation : $0.53 Mil (As of Sep. 2023)


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What is Sino Payments Long-Term Capital Lease Obligation?

Sino Payments's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.53 Mil.

Sino Payments's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($0.12 Mil) to Jun. 2023 ($0.11 Mil) but then increased from Jun. 2023 ($0.11 Mil) to Sep. 2023 ($0.53 Mil).

Sino Payments's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($0.28 Mil) to Dec. 2021 ($0.15 Mil) and declined from Dec. 2021 ($0.15 Mil) to Dec. 2022 ($0.12 Mil).

Sino Payments Long-Term Capital Lease Obligation Historical Data

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

Sino Payments Annual Data
Trend Aug13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.48 0.28 0.15 0.12

Sino Payments Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.05 0.12 0.12 0.11 0.53

Sino Payments  (OTCPK:SNPY) 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.

Sino Payments Long-Term Capital Lease Obligation Related Terms

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Sino Payments (Sino Payments) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Sino Payments Inc (OTCPK:SNPY) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
VEII:USA
Address
Shatin Industrial Centre, 5-7 Yuen Shun Circuit, Unit 02-03, 6th Floor, Block B, Shatin, Hong Kong, HKG
Website
https://www.value-exch.com
Value Exchange International Inc is a United States based software company. The company through its subsidiaries provides customer-centric hardware and software system solutions for the retail industry in China, Hong Kong, and Philippines. Its primary services and products of the IT Business are Systems maintenance and related service and Systems development and integration. The company serves Public and Retail sector. It get majority of its revenue from software development and maintenance services.
Executives
Matthew R Mecke director 6501 RED HOOK PLZA, STE 201-553, ST THOMAS VI 00802
Johan Pehrson director C/O JOHAN PEHRSON, HALMSTAD V7 30259
Tsang Po Yee Bella director, 10 percent owner 7/F DARTON TOWER, 142 WAI YIP ST, KWUN TONG, KOWLOON K3 00000
Chun Wing Yeung director 7/F DARTON TOWER, 142 WAI YIP ST, KWUN TONG, KOWLOON K3 00000
Seng Wee Tan director, 10 percent owner 7/F DARTON TOWER, 142 WAI YIP ST, KWUN TONG, KOWLOON K3 00000
Anthony Robinson director UNIT T25, GF BANGKOK BANK BUILDING, 18 BONHAM STRAND WEST, SHEUNG WAN K3 00000
Paul F. Manning director UNIT T25, GF BANGKOK BANK BUILDING, 18 BONHAM STRAND WEST, SHEUNG WAN K3 00000