Dolla Financial Services (XJAM:DOLLA) Long-Term Capital Lease Obligation : JMD0.00 Mil (As of . 20)

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What is Dolla Financial Services Long-Term Capital Lease Obligation?

Dolla Financial Services's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was JMD0.00 Mil.

Dolla Financial Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for Dolla Financial Services'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.
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Dolla Financial Services Long-Term Capital Lease Obligation Chart

Dolla Financial Services Annual Data

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Long-Term Capital Lease Obligation

Dolla Financial Services Semi-Annual Data

Long-Term Capital Lease Obligation

Dolla Financial Services (XJAM:DOLLA) 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.

Dolla Financial Services Long-Term Capital Lease Obligation Related Terms

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Dolla Financial Services Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Dolla Financial Services Ltd (XJAM:DOLLA) » Definitions » Long-Term Capital Lease Obligation

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Address

88 Barbican Road, Unit No. 1, Barbican Business Centre, Kingston, JAM, 6

Website

https://www.dollafinancial.com

Dolla Financial Services Ltd's objective is to provide a full suite of financial services to the public. The Company is engaged in providing short term loans.

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