NETinfo (CYS:NETIN) Long-Term Capital Lease Obligation : €0.00 Mil (As of . 20)

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What is NETinfo Long-Term Capital Lease Obligation?

NETinfo's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was €0.00 Mil.

NETinfo Long-Term Capital Lease Obligation Historical Data

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

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Long-Term Capital Lease Obligation

NETinfo Semi-Annual Data

Long-Term Capital Lease Obligation

NETinfo (CYS:NETIN) 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.

NETinfo Long-Term Capital Lease Obligation Related Terms

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NETinfo (CYS:NETIN) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » NETinfo PLC (CYS:NETIN) » Definitions » Long-Term Capital Lease Obligation

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Address

23 Aglantzias Avenue, Netinfo Building, Nicosia, CYP, 2108

Website

https://www.netinfo.eu

NETinfo PLC is engaged in designing and implementing digital banking systems, mobile financial services systems, and web applications. The company's flagship products, NETinfo Digital Banking Platform and NETinfo Mobile Financial Services (MFS) are part of the digital transformation process of banks and financial institutions, in more than 30 countries. NETinfo focuses on retail, corporate, and private banking. It supports banks and financial institutions of all sizes across all geographies, helping them to harness the latest technologies.

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