Everyday People Financial (TSXV:EPF) Long-Term Capital Lease Obligation : C$1.69 Mil (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Everyday People Financial Long-Term Capital Lease Obligation?

Everyday People Financial's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$1.69 Mil.

Everyday People Financial's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$2.00 Mil) to Dec. 2023 (C$1.76 Mil) and declined from Dec. 2023 (C$1.76 Mil) to Mar. 2024 (C$1.69 Mil).

Everyday People Financial's annual Long-Term Capital Lease Obligation declined from Jul. 2021 (C$1.46 Mil) to Jul. 2022 (C$0.00 Mil) but then increased from Jul. 2022 (C$0.00 Mil) to Dec. 2023 (C$1.76 Mil).

Everyday People Financial Long-Term Capital Lease Obligation Historical Data

The historical data trend for Everyday People 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.

* Premium members only.

Everyday People Financial Long-Term Capital Lease Obligation Chart

Everyday People Financial Annual Data

Trend

Jul20

Jul21

Jul22

Dec23

Long-Term Capital Lease Obligation

1.46

1.76

Everyday People Financial Quarterly Data
	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								2.13	2.08	2.00	1.76	1.69

Everyday People Financial (TSXV:EPF) 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.

Everyday People Financial Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Everyday People Financial's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Everyday People Financial (TSXV:EPF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Everyday People Financial Corp (TSXV:EPF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

EPFCF:USA

Address

11150 Jasper Avenue, Suite 450, Edmonton, AB, CAN, T5K 0C7

Website

https://www.everydaypeoplefinancial.com

Everyday People Financial Corp is a financial technology and consumer financing company. Through its technology-driven ecosystem, the group's alternative and specialty credit financing programs offer credit and payment cards, homeownership facilitation, consumer lending, and payment management services. The company's mission is to assist its clients in becoming their financial selves and to offer credit products and services that help ordinary people achieve extraordinary results.

Executives

Amy Marie Ter Haar

Director

Everyday People Financial (TSXV:EPF) Headlines

No Headlines