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Source Capital (Source Capital) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)


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What is Source Capital Long-Term Capital Lease Obligation?

Source Capital's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.


Source Capital Long-Term Capital Lease Obligation Historical Data

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

Source Capital Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
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Source Capital Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Source Capital  (NYSE:SOR) 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.

Source Capital Long-Term Capital Lease Obligation Related Terms

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Source Capital (Source Capital) Business Description

Traded in Other Exchanges
N/A
Address
11601 Wilshire Boulevard, Suite 1200, Los Angeles, CA, USA, 90025
Source Capital Inc is a diversified, closed-end management investment company. The investment objective of the company is to seek maximum total return for Common shareholders from both capital appreciation and investment income to the extent consistent with the protection of invested capital. Its investment portfolio includes a wide range of securities with a primary emphasis on common stock.
Executives
Korey Bauer officer: Vice President 2220 E. ROUTE 66, SUITE 226, GLENDORA CA 91740
Martin Dziura officer: Chief Compliance Officer 309 WOODRIDGE LANE, MEDIA PA 19063
Rita Dam officer: Treasurer 2220 EAST ROUTE 66, SUITE 226, GLENDORA CA 91740
Lyna Phan officer: Assistant Treasurer 2220 EAST ROUTE 66, SUITE 226, GLENDORA CA 91740
Diane J Drake officer: Secretary 2220 E. ROUTE 66, SUITE 226, GLENDORA CA 91740
Max Banhazl officer: Vice President 2220 E. ROUTE 66, SUITE 226, GLENDORA CA 91740
Amy Centurioni officer: Assistant Secretary 2220 E. ROUTE 66, SUITE 226, GLENDORA CA 91740
John Zader director 11601 WISHIRE BOULEVARD, SUITE 1200, LOS ANGELES CA 90025
Maureen A Quill director 11601 WILSHIRE BOULEVARD, SUITE 1200, LOS ANGELES CA 90025
Brian A. Selmo other: Officer of inv co's inv adv 11400 W. OLYMPIC BLVD., STE. 1200, LOS ANGELES CA 90064
Mark L. Lipson director 100 WILSHIRE BOULEVARD, SUITE 1200, SANTA MONICA CA 90401
Ryan A. Leggio other: Officer of inv co's inv adv 11601 WILSHIRE BLVD, SUITE 1200, LOS ANGELES CA 90025
Robert F Goldrich director LEON LEVY FOUNDATION, ONE ROCKEFELLER PLAZA, 20TH FLOOR, NEW YORK NY 10020
Thomas H Atteberry other: partner of inv co's inv adv 11400 W OLYMPIC BLVD, STE 1200, LOS ANGELES CA 90064
Mark Landecker other: Officer of inv co's inv adv 11400 W. OLYMPIC BLVD., STE. 1200, LOS ANGELES CA 90064