Gabelli Healthcare & WellnessRx Trust (Gabelli Healthcare & WellnessRx Trust) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)

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What is Gabelli Healthcare & WellnessRx Trust Long-Term Capital Lease Obligation?

Gabelli Healthcare & WellnessRx Trust's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.

Gabelli Healthcare & WellnessRx Trust Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gabelli Healthcare & WellnessRx Trust'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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Gabelli Healthcare & WellnessRx Trust Long-Term Capital Lease Obligation Chart

Gabelli Healthcare & WellnessRx Trust Annual Data

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Long-Term Capital Lease Obligation

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Gabelli Healthcare & WellnessRx Trust Semi-Annual Data
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Gabelli Healthcare & WellnessRx Trust (NYSE:GRXpB.PFD) 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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Gabelli Healthcare & WellnessRx Trust (Gabelli Healthcare & WellnessRx Trust) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Gabelli Healthcare & WellnessRx Trust (NYSE:GRXpB.PFD) » Definitions » Long-Term Capital Lease Obligation

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GRX:USA

Address

One Corporate Center, Rye, NY, USA, 10580-1422

Website

https://www.gabelli.com

Gabelli Healthcare & WellnessRx Trust operates as a diversified closed-end management investment company. The investment objective of the fund is the long-term growth of capital. The fund invests at least 80% of its assets in equity securities and income-producing securities of domestic & foreign companies in the healthcare and wellness industries. It invests in various sectors, of which Health Care Providers & Services, Food, Health Care Equipment and Supplies, and Pharmaceuticals account for the majority of the weightage.