Michman Finance (XTAE:MCMN) Long-Term Capital Lease Obligation : ₪0.0 Mil (As of Sep. 2024)

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What is Michman Finance Long-Term Capital Lease Obligation?

Michman Finance's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₪0.0 Mil.

Michman Finance's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (₪0.6 Mil) to Jun. 2024 (₪0.4 Mil) and declined from Jun. 2024 (₪0.4 Mil) to Sep. 2024 (₪0.0 Mil).

Michman Finance's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₪0.1 Mil) to Dec. 2022 (₪1.6 Mil) but then declined from Dec. 2022 (₪1.6 Mil) to Dec. 2023 (₪0.8 Mil).

Michman Finance Long-Term Capital Lease Obligation Historical Data

The historical data trend for Michman Finance'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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Michman Finance Long-Term Capital Lease Obligation Chart

Michman Finance Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.36

0.10

1.62

0.78

Michman Finance Quarterly Data
	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										0.99	0.78	0.58	0.38	-

Michman Finance (XTAE:MCMN) 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.

Michman Finance Long-Term Capital Lease Obligation Related Terms

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Michman Finance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Michman Finance Ltd (XTAE:MCMN) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

BSR Towers 3, 29th Floor, Bnei Brak, ISR, 5126237

Website

https://www.michman-loans.co.il

Michman Finance Ltd is engaged in providing a variety of loans and non-bank services to businesses. The products of the company comprise Discount checks, Extended license, Import financing, Business Mediation loans, and Extended license, among others.

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