Fintech Select (TSXV:FTEC) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Dec. 2024)

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What is Fintech Select Long-Term Capital Lease Obligation?

Fintech Select's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$0.00 Mil.

Fintech Select Long-Term Capital Lease Obligation Historical Data

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

Fintech Select Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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0.15

0.06

Fintech Select Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Fintech Select (TSXV:FTEC) 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.

Fintech Select Long-Term Capital Lease Obligation Related Terms

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Fintech Select Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fintech Select Ltd (TSXV:FTEC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SLXXF:USA Z1S1:Germany Z1S1:Germany

Address

100 King Street W, Unit T201A, Chatham, ON, CAN, N7M 6A9

Website

https://www.fintechselect.com

Fintech Select Ltd is a provider of prepaid card schemes, online payment platforms, and POS cryptocurrency platforms, all internally developed platforms. It also operates a multi-lingual call center that provides services to customers across all its platforms, and third-party customers. The company operated in three business segments which include Distribution, Call Center, and Financial Services. Its distribution sells prepaid wireless airtime and its Financial Services division provides prepaid debit card services.

Executives

Syed Naveed Ul Hassan	Director
Mohammad Abuleil	Senior Officer
Mujir Ahmed Muneeruddin	Director

Fintech Select Headlines

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