Binah Capital Group (Binah Capital Group) Long-Term Capital Lease Obligation : $4.24 Mil (As of Mar. 2024)

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What is Binah Capital Group Long-Term Capital Lease Obligation?

Binah Capital Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $4.24 Mil.

Binah Capital Group's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($4.22 Mil) to Dec. 2023 ($4.38 Mil) but then declined from Dec. 2023 ($4.38 Mil) to Mar. 2024 ($4.24 Mil).

Binah Capital Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($6.39 Mil) to Dec. 2022 ($4.53 Mil) and declined from Dec. 2022 ($4.53 Mil) to Dec. 2023 ($4.38 Mil).

Binah Capital Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Binah Capital 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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Binah Capital Group Long-Term Capital Lease Obligation Chart

Binah Capital Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

6.34

6.39

4.53

4.38

Binah Capital Group Semi-Annual Data
	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						-	4.33	4.22	4.38	4.24

Binah Capital Group (NAS:BCGWW) 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.

Binah Capital Group Long-Term Capital Lease Obligation Related Terms

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Binah Capital Group (Binah Capital Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Binah Capital Group Inc (NAS:BCGWW) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

BCG:USA

Address

One Cowboys Way, Suite 490, Frisco, TX, USA, 75034

Website

https://www.wentworthms.com

Wentworth Management Services LLC is a holding company that acquires and manages businesses in the wealth management industry. The company specializes in consolidating independent broker-dealers to capture economies of scale needed to service financial advisors in today's technology-enabled regulatory environment. Wentworth's core philosophy focuses on building long-term, productive relationships with its advisor base.

Binah Capital Group (Binah Capital Group) Headlines

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