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Fincera (Fincera) Long-Term Capital Lease Obligation : $0.0 Mil (As of Jun. 2019)


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What is Fincera Long-Term Capital Lease Obligation?

Fincera's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2019 was $0.0 Mil.

Fincera Long-Term Capital Lease Obligation Historical Data

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

Fincera Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Long-Term Capital Lease Obligation
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Fincera Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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Fincera  (OTCPK:YUANF) 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.

Fincera Long-Term Capital Lease Obligation Related Terms

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Fincera (Fincera) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Fincera Inc (OTCPK:YUANF) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
No. 5, East Main Street, 27th Floor, Kai Yuan Center, Hebei, Shijiazhuang, CHN
Website
http://www.fincera.net
Fincera Inc provides web-based financing and e-commerce services for small and medium-sized businesses in China. Its services are small business lending, B2B payment solutions and e-commerce platforms and its products include CeraPay, CeraVest, TrueShip and AutoChekk. The company operates in Internet-based Business, Hotel Business, Office Leasing, and Corporate. The Internet-based Business generates maximum revenue for the company.
Executives
Weiss Asset Management Lp 10 percent owner 222 BERKELEY STREET, 16TH FLOOR, BOSTON MA 02116
Andrew M Weiss 10 percent owner 222 BERKELEY STREET, 16TH FLOOR, BOSTON MA 02116