American Church Mortgage Co (American Church Mortgage Co) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2022)

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What is American Church Mortgage Co Long-Term Capital Lease Obligation?

American Church Mortgage Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2022 was $0.00 Mil.

American Church Mortgage Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for American Church Mortgage Co'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.
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American Church Mortgage Co Long-Term Capital Lease Obligation Chart

American Church Mortgage Co Annual Data

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Long-Term Capital Lease Obligation

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American Church Mortgage Co Quarterly Data
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American Church Mortgage Co (OTCPK:ACMC) 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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American Church Mortgage Co (American Church Mortgage Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » American Church Mortgage Co (OTCPK:ACMC) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

10400 Yellow Circle Drive, Suite 102, Minnetonka, MN, USA, 55343

Website

https://church-loans.squarespace.com

American Church Mortgage Co operates as a real estate investment trust. Geographically the activities function throughout the region of the United States. It is primarily engaged in the business of making mortgage loans to churches and other non-profit religious organizations. In addition, the group also owns bonds, issued by churches and other nonprofit religious organizations. The firm derives revenue in the form of interest on mortgage loans receivable and the bond portfolio.

Executives

Philip J. Myers	director, officer: Chairman, President, Secretary	10237 YELLOW CIRCLE DRIVE, MINNETONKA MN 55343
Scott J. Marquis	other: VP & Secretary of Advisor	10237 YELLOW CIRCLE DRIVE, MINNETONKA MN 55343
Michael G. Holmquist	director	18300 MINNETONKA BLVD., SUITE 202, DEEPHAVEN MN 55391

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