Xalles Holdings (Xalles Holdings) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2015)

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What is Xalles Holdings Long-Term Capital Lease Obligation?

Xalles Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2015 was $0.00 Mil.

Xalles Holdings Long-Term Capital Lease Obligation Historical Data

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

Xalles Holdings Annual Data

Trend

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Long-Term Capital Lease Obligation

Xalles Holdings Quarterly Data
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Xalles Holdings (OTCPK:XALL) 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.

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Xalles Holdings (Xalles Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Xalles Holdings Inc (OTCPK:XALL) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

2020 Pennsylvania Avenue North West, Suite 527, Washington, DC, USA, 20006

Website

https://xalles.com

Xalles Holdings Inc is a Fintech holding company. The Company is engaged in business development of payment and related financial services companies. The Company's principal operations include the acquisition of companies with unique technologies and services within the financial services technology industry. The company through its subsidiary operating companies offers fintech-related services which include the Xalles Studio business innovation program, payment and rewards solutions, IT staffing, corporate intelligence, background screening, and other fintech and IT sales and solutions.