SoFi Technologies (SoFi Technologies) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jul. 2020)

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What is SoFi Technologies Long-Term Capital Lease Obligation?

SoFi Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Jul. 2020 was $0.00 Mil.

SoFi Technologies Long-Term Capital Lease Obligation Historical Data

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

SoFi Technologies Annual Data

Trend

Dec20

Long-Term Capital Lease Obligation

SoFi Technologies Semi-Annual Data
	Jul20
Long-Term Capital Lease Obligation	-

SoFi Technologies (NAS:SOFI) 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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SoFi Technologies (SoFi Technologies) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » SoFi Technologies Inc (NAS:SOFI) » Definitions » Long-Term Capital Lease Obligation

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Address

317 University Avenue, Suite 200, Palo Alto, CA, USA, 94301

Website

https://www.sofi.com

SoFi Technologies Inc helps people achieve financial independence to realize their ambitions. Its products include SoFi Money, SoFi Invest, Student Loan Refinancing, Private Student Loans, Personal Loans, Home Loans, SoFi Relay, SoFi Protect among others. The company's product gives over two million members fast access to tools to get their money right. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded, ambitious people.