Power Financial (TSX:PWF.PR.E.PFD) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Sep. 2020)

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What is Power Financial Long-Term Capital Lease Obligation?

Power Financial's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2020 was C$0.00 Mil.

Power Financial's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2017 (C$0.00 Mil) to Dec. 2018 (C$0.00 Mil) but then increased from Dec. 2018 (C$0.00 Mil) to Dec. 2019 (C$682.00 Mil).

Power Financial Long-Term Capital Lease Obligation Historical Data

The historical data trend for Power 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.

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Power Financial Long-Term Capital Lease Obligation Chart

Power Financial Annual Data

Trend

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Long-Term Capital Lease Obligation

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682.00

Power Financial Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	682.00	-	-	-

Power Financial (TSX:PWF.PR.E.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.

Power Financial Long-Term Capital Lease Obligation Related Terms

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Power Financial (TSX:PWF.PR.E.PFD) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Power Financial Corp (TSX:PWF.PR.E.PFD) » Definitions » Long-Term Capital Lease Obligation

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Address

751 Victoria Square, Montreal, QC, CAN, H2Y 2J3

Website

https://www.powerfinancial.com

Power Financial Corp, a subsidiary of Power Corporation of Canada, is a diversified management and holding company with interests in the financial services industry through its controlling interests in Great-West Life and IGM Financial. It also has holdings in Pargesa, a diversified industrial group based in Europe. Its segments include Lifeco and IGM Financial and the GBL. The firm's holdings are leading insurance, retirement, wealth management, and investment businesses, including a portfolio of alternative asset investment platforms.

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