Spindle (Spindle) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2018)

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What is Spindle Long-Term Capital Lease Obligation?

Spindle's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2018 was $0.00 Mil.

Spindle Long-Term Capital Lease Obligation Historical Data

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

Spindle Annual Data

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Long-Term Capital Lease Obligation

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Spindle Quarterly Data
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Spindle (GREY:SPDL) 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.

Spindle Long-Term Capital Lease Obligation Related Terms

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Spindle (Spindle) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Spindle Inc (GREY:SPDL) » Definitions » Long-Term Capital Lease Obligation

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Address

1201 S. Alma School Road, Suite 12500, Mesa, AZ, USA, 85210

Website

http://www.spindlehq.com

Spindle Inc provides marketing and commerce solutions through 'catalyst' brand. It is a platform which has been built to provide payment processing as well as integrated marketing programs. The catalyst solution focuses on small to medium-sized businesses and provides services related to business, payment, digital marketing, and customer engagement. It generates its revenue from the Catalyst Gateway process.

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