GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » US Financial 15 Split Corp (TSX:FTU.PR.B.PFD) » Definitions » Long-Term Capital Lease Obligation

US Financial 15 Split (TSX:FTU.PR.B.PFD) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Nov. 2022)


View and export this data going back to 2012. Start your Free Trial

What is US Financial 15 Split Long-Term Capital Lease Obligation?

US Financial 15 Split's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2022 was C$0.00 Mil.


US Financial 15 Split Long-Term Capital Lease Obligation Historical Data

The historical data trend for US Financial 15 Split'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.

US Financial 15 Split Long-Term Capital Lease Obligation Chart

US Financial 15 Split Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

US Financial 15 Split Semi-Annual Data
Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 Nov23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

US Financial 15 Split  (TSX:FTU.PR.B.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.

US Financial 15 Split Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of US Financial 15 Split's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.


US Financial 15 Split (TSX:FTU.PR.B.PFD) Business Description

Traded in Other Exchanges
Address
200 Front Street West, Suite 2510, P.O. Box 51, Toronto, ON, CAN, M5V 3K2
US Financial 15 Split Corp is an investment company. It is an independent investment management firm that is focused on the creation and management of enhanced yield products for retail investors. Its products consist of income financial trust, m-split corp, commerce split corp, and others. The company offers two types of shares that are preferred shares and class A shares.

US Financial 15 Split (TSX:FTU.PR.B.PFD) Headlines

No Headlines