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Fintel Energija a.d (XBEL:FINT) Long-Term Capital Lease Obligation : RSD0 Mil (As of Jun. 2024)


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What is Fintel Energija a.d Long-Term Capital Lease Obligation?

Fintel Energija a.d's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was RSD0 Mil.


Fintel Energija a.d Long-Term Capital Lease Obligation Historical Data

The historical data trend for Fintel Energija a.d'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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Fintel Energija a.d Long-Term Capital Lease Obligation Chart

Fintel Energija a.d Annual Data
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Long-Term Capital Lease Obligation
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Fintel Energija a.d Semi-Annual Data
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Fintel Energija a.d  (XBEL:FINT) 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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Fintel Energija a.d Business Description

Traded in Other Exchanges
N/A
Address
Masarikova Street No. 5, 21st Floor, Belgrade, SRB, 11000
Fintel Energija a.d is primarily involved in the generation of power business which is sold only to EPS through wind power generation technology. It operates only one operating segment wind renewable energy sector. Currently, the company is engaged in the development, construction, and management of a wind power plant portfolio consisting of new wind farms in the north and northeast of Serbia.

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