LM Funding America (FRA:1YJA) Long-Term Capital Lease Obligation : €0.05 Mil (As of Mar. 2024)

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What is LM Funding America Long-Term Capital Lease Obligation?

LM Funding America's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.05 Mil.

LM Funding America's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€0.11 Mil) to Dec. 2023 (€0.08 Mil) and declined from Dec. 2023 (€0.08 Mil) to Mar. 2024 (€0.05 Mil).

LM Funding America's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€0.00 Mil) to Dec. 2022 (€0.17 Mil) but then declined from Dec. 2022 (€0.17 Mil) to Dec. 2023 (€0.08 Mil).

LM Funding America Long-Term Capital Lease Obligation Historical Data

The historical data trend for LM Funding America'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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LM Funding America Long-Term Capital Lease Obligation Chart

LM Funding America Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.16

0.06

0.17

0.08

LM Funding America Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.16	0.14	0.11	0.08	0.05

LM Funding America (FRA:1YJA) 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.

LM Funding America Long-Term Capital Lease Obligation Related Terms

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LM Funding America (FRA:1YJA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » LM Funding America Inc (FRA:1YJA) » Definitions » Long-Term Capital Lease Obligation

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LMFA:USA

Address

1200 Platt Street, Suite 1000, Tampa, FL, USA, 33602

Website

http://www.lmfunding.com

LM Funding America Inc is a financial services company. The company provides funding to nonprofit community associations located in the state of Florida and to nonprofit community associations in the states of Washington and Colorado. Its products include Original Product and New Neighbor Guaranty. Its original product offering consists of providing funding to Associations by purchasing their rights under delinquent accounts that are selected by the Associations arising from unpaid Association assessments. It currently has two lines of business recently commenced cryptocurrency mining business and historical specialty finance business. The Company has two operating segments: Specialty Finance and Mining Operations.

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