Sof Com-Pawn Br (XBUL:6SO.PFD) Long-Term Capital Lease Obligation : лв0.00 Mil (As of . 20)

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What is Sof Com-Pawn Br Long-Term Capital Lease Obligation?

Sof Com-Pawn Br's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was лв0.00 Mil.

Sof Com-Pawn Br Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sof Com-Pawn Br'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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Sof Com-Pawn Br Long-Term Capital Lease Obligation Chart

Sof Com-Pawn Br Annual Data

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Long-Term Capital Lease Obligation

Sof Com-Pawn Br Quarterly Data

Long-Term Capital Lease Obligation

Sof Com-Pawn Br (XBUL:6SO.PFD) 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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Sof Com-Pawn Br Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Sof Com-Pawn Br (XBUL:6SO.PFD) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

74 Ralevitsa street, office 3, Sofia, BGR, 1606

Website

http://www.sofcom.bg

Sofia Commerce-Pawn Brokerage JSC is engaged in providing credit services. The company provides finance in exchange for movables such as jewellery, valuables, televisions, expensive household appliances and others.

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