AtlasClear Holdings (AtlasClear Holdings) Long-Term Capital Lease Obligation : $0.04 Mil (As of Jun. 2023)

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What is AtlasClear Holdings Long-Term Capital Lease Obligation?

AtlasClear Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.04 Mil.

AtlasClear Holdings's quarterly Long-Term Capital Lease Obligation increased from . 20 ($0.00 Mil) to Jun. 2022 ($0.14 Mil) but then declined from Jun. 2022 ($0.14 Mil) to Jun. 2023 ($0.04 Mil).

AtlasClear Holdings's annual Long-Term Capital Lease Obligation stayed the same from . 20 ($0.00 Mil) to . 20 ($0.00 Mil) but then increased from . 20 ($0.00 Mil) to Jun. 2022 ($0.14 Mil).

AtlasClear Holdings Long-Term Capital Lease Obligation Historical Data

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

AtlasClear Holdings Annual Data

Trend

Jun22

Long-Term Capital Lease Obligation

0.14

AtlasClear Holdings Semi-Annual Data
	Jun22	Jun23
Long-Term Capital Lease Obligation	0.14	0.04

AtlasClear Holdings (AMEX:ATCH) 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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AtlasClear Holdings (AtlasClear Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » AtlasClear Holdings Inc (AMEX:ATCH) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

4221 W. Boy Scout Boulevard, Suite 300, Tampa, FL, USA, 33607

Website

https://www.atlasclear.com

AtlasClear Holdings Inc is a fintech company. Its goal is to build a cutting-edge technology-enabled financial services firm that would create a more efficient platform for trading, clearing, settlement and banking of evolving and innovative financial products with a focus on financial services firms, generally with annual revenues up to $1 billion, including small and mid-sized banks, brokerage firms, hedge funds, pension plans, and family offices that are not adequately served by today's larger correspondent clearing firms and banks.

AtlasClear Holdings (AtlasClear Holdings) Headlines

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