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DigiAsia (DigiAsia) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2022)


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What is DigiAsia Long-Term Capital Lease Obligation?

DigiAsia's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was $0.00 Mil.

DigiAsia's quarterly Long-Term Capital Lease Obligation increased from . 20 ($0.00 Mil) to Dec. 2021 ($0.03 Mil) but then declined from Dec. 2021 ($0.03 Mil) to Dec. 2022 ($0.00 Mil).

DigiAsia's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.03 Mil) to Dec. 2022 ($0.00 Mil) but then stayed the same from Dec. 2022 ($0.00 Mil) to Dec. 2023 ($0.00 Mil).


DigiAsia Long-Term Capital Lease Obligation Historical Data

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

DigiAsia Annual Data
Trend Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
0.03 - -

DigiAsia Semi-Annual Data
Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation 0.03 - -

DigiAsia  (NAS:FAAS) 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.

DigiAsia Long-Term Capital Lease Obligation Related Terms

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DigiAsia (DigiAsia) Business Description

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One Raffles Place, No. 28-02, Singapore, SGP, 048616
DigiAsia Bios Pte Ltd operates as a holding company. The majority of DigiAsia's operations are currently conducted through its majority-owned entities, controlled entities and corporate joint venture. It is among the first embedded fintech as a service (EFaaS) companies in Indonesia serving business-to-business-to-consumer (B2B2C) customers, such as large corporations and state-owned enterprises, as well as business-to-business (B2B) customers, such as micro, small and medium-sized enterprise (MSME) merchants, across various segments. It aims to be a leading fintech-enabling platform in Southeast Asia by accelerating financial inclusion through its licenses and technology stack and combining the benefits of technological innovation with traditional financial services.

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