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Central Securities (Central Securities) Long-Term Capital Lease Obligation : $0.0 Mil (As of Dec. 2023)


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What is Central Securities Long-Term Capital Lease Obligation?

Central Securities's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil.


Central Securities Long-Term Capital Lease Obligation Historical Data

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

Central Securities Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
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Central Securities Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Central Securities  (AMEX:CET) 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.

Central Securities Long-Term Capital Lease Obligation Related Terms

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Central Securities (Central Securities) Business Description

Traded in Other Exchanges
N/A
Address
630 Fifth Avenue, Suite 820, New York, NY, USA, 10111
Central Securities Corp is a non-diversified closed-end management investment company. Its investment objective is long-term growth of capital. The company invests primarily in common stocks, bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options real estate, or short-term obligations of governments, banks, and corporations.
Executives
John C Hill officer: Vice President C/O CENTRAL SECURITIES CORP, 630 FIFTH AVE, NEW YORK NY 10111
Andrew J O'neill officer: Vice President C/O CENTRAL SECURITIES CORPORATION, 630 FIFTH AVENUE SUITE 820, NEW YORK NY 10111
David Martin Poppe director C/O CENTRAL SECURITIES CORPORATION, 630 FIFTH AVENUE, SUITE 820, NEW YORK NY 10111
Leo Price Blackford director C/O CENTRAL SECURITIES CORPORATION, 630 FIFTH AVENUE, SUITE 820, NEW YORK NY 10111
David Charles Colander director C/O CENTRAL SECURITIES CORPORATION, 630 FIFTH AVENUE, SUITE 820, NEW YORK NY 10111
Marlene A Krumholz officer: Vice President & Secretary C/O CENTRAL SECURITIES CORP, 630 FIFTH AVE, NEW YORK NY 10111
Simms C Browning director C/O CENTRAL SECURITIES CORPORATION, 630 FIFTH AVENUE, SUITE 820, NEW YORK NY 10111
Donald G Calder director C/O CENTRAL SECURITIES CORPORATION, 630 FIFTH AENUE, SUITE 820, NEW YORK NY 10111
Kidd Wilmot H Iv director C/O CENTRAL SECURITIES CORPORATION, 630 FIFTH AVENUE, SUITE 820, NEW YORK NY 10111
Jay R Inglis director C/O CENTRAL SECURITIES CORPORATION, 630 FIFTH AVENUE, SUITE 820, NEW YORK NY 10111
Walker C Carter Jr director C/O CENTRAL SECURITIES CORPORATION, 630 FIFTH AVENUE, SUITE 820, NEW YORK NY 10111
Lawrence P Vogel officer: Vice President & Treasurer C/O CENTRAL SECURITIES CORPORATION, 630 FIFTH AVENUE SUITE 820, NEW YORK NY 10111
Charles N Edgerton officer: Vice President & Treasurer C/O CENTRAL SECURITIES CORP, 630 FIFTH AVENUE, SUITE 820, NEW YORK NY 10111
William E Sheeline officer: Vice President CENTRAL SECURITIES CORP., 630 FIFTH AVE. SUITE 820, NEW YORK NY 10111
Johnson Christian A Endeavor Foundation 10 percent owner 1060 PARK AVE, NEW YORK NY 10028

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