TOP Financial Group (TOP Financial Group) Long-Term Capital Lease Obligation : $0.13 Mil (As of Sep. 2023)

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What is TOP Financial Group Long-Term Capital Lease Obligation?

TOP Financial Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.13 Mil.

TOP Financial Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 ($0.20 Mil) to Mar. 2023 ($0.15 Mil) and declined from Mar. 2023 ($0.15 Mil) to Sep. 2023 ($0.13 Mil).

TOP Financial Group's annual Long-Term Capital Lease Obligation increased from Mar. 2021 ($0.00 Mil) to Mar. 2022 ($0.25 Mil) but then declined from Mar. 2022 ($0.25 Mil) to Mar. 2023 ($0.15 Mil).

TOP Financial Group Long-Term Capital Lease Obligation Historical Data

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

TOP Financial Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

0.25

0.15

TOP Financial Group Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			0.29	0.25	0.20	0.15	0.13

TOP Financial Group (NAS:TOP) 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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TOP Financial Group (TOP Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » TOP Financial Group Ltd (NAS:TOP) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

118 Connaught Road West, Room 1101, Hong Kong, HKG

Website

https://www.zyfgl.com

TOP Financial Group Ltd is an online brokerage firm in Hong Kong specializing in the trading of local and overseas equities, futures, and options products. The company operates in only one segment which is the futures brokerage service.