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Ajia Innogroup Holdings (Ajia Innogroup Holdings) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2023)


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What is Ajia Innogroup Holdings Long-Term Capital Lease Obligation?

Ajia Innogroup Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil.


Ajia Innogroup Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ajia Innogroup 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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Ajia Innogroup Holdings Long-Term Capital Lease Obligation Chart

Ajia Innogroup Holdings Annual Data
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Long-Term Capital Lease Obligation
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Ajia Innogroup Holdings Quarterly Data
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Ajia Innogroup Holdings  (OTCPK:AJIA) 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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Ajia Innogroup Holdings (Ajia Innogroup Holdings) Business Description

Industry
Traded in Other Exchanges
N/A
Address
187 E. Warm Springs Road, Suite B307, Las Vegas, NV, USA, 89119
Ajia Innogroup Holdings Ltd is an all-in-one point-of-sale and restaurant management platform. As a cloud-based system built specifically for restaurants. AJIA offers advanced functionality including tableside ordering, quick menu modifications, real-time enterprise reporting, online ordering, and labor management on an easy-to-use interface.
Executives
Ajia Group Ltd 10 percent owner FLAT/RM 303, 3F, AUSTIN TOWER, 22-26 AUSTIN AVENUE, TSIM SHA TSUI, KOWLOON K3 00000

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