FRNT Financial (FRNT Financial) Long-Term Capital Lease Obligation : $0.03 Mil (As of Mar. 2024)

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What is FRNT Financial Long-Term Capital Lease Obligation?

FRNT Financial's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.03 Mil.

FRNT Financial's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($0.06 Mil) to Dec. 2023 ($0.05 Mil) and declined from Dec. 2023 ($0.05 Mil) to Mar. 2024 ($0.03 Mil).

FRNT Financial's annual Long-Term Capital Lease Obligation increased from Jun. 2021 ($0.00 Mil) to Jun. 2022 ($0.14 Mil) but then declined from Jun. 2022 ($0.14 Mil) to Jun. 2023 ($0.08 Mil).

FRNT Financial Long-Term Capital Lease Obligation Historical Data

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

FRNT Financial Annual Data

Trend

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

0.14

0.08

FRNT Financial Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								0.09	0.08	0.06	0.05	0.03

FRNT Financial (OTCPK:FRFLF) 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.

FRNT Financial Long-Term Capital Lease Obligation Related Terms

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FRNT Financial (FRNT Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » FRNT Financial Inc (OTCPK:FRFLF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

FRNT:Canada

Address

49 Wellington St E, Unit 200, Toronto, ON, CAN, M5E 1C9

Website

https://www.frnt.io

FRNT Financial Inc is a next-generation institutional sales and trading platform. The company aims to offer new opportunities to permitted clients and institutional investors while maintaining a lean, technology-driven operation. It is focused on providing expertise and products that help institutional clients gain access to cryptocurrency trade opportunities. It has one segment focused around developing and offering its capital market trading platform to institutional investors.

FRNT Financial (FRNT Financial) Headlines

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