Creations (Creations) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)

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What is Creations Long-Term Capital Lease Obligation?

Creations's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.

Creations Long-Term Capital Lease Obligation Historical Data

The historical data trend for Creations'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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Creations Long-Term Capital Lease Obligation Chart

Creations Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.05

Creations Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													-	-	-	-	-

Creations (OTCPK:CEAI) 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.

Creations Long-Term Capital Lease Obligation Related Terms

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Creations (Creations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Creations Inc (OTCPK:CEAI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Sichenzia Ross Ference LLP, 1185 Avenue of the Americas, 31st Floor, New York, NY, USA, 10036

Website

https://www.creationsfin.com

Creations Inc is engaged in providing investment services for mutual funds and portfolio management services for individuals and institutions. It operates as a portfolio manager through its wholly-owned subsidiaries.

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