CHWWQ (Chesswood Group) Long-Term Capital Lease Obligation : $344.4 Mil (As of Mar. 2024)

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What is Chesswood Group Long-Term Capital Lease Obligation?

Chesswood Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $344.4 Mil.

Chesswood Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($426.9 Mil) to Dec. 2023 ($385.4 Mil) and declined from Dec. 2023 ($385.4 Mil) to Mar. 2024 ($344.4 Mil).

Chesswood Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($283.1 Mil) to Dec. 2022 ($468.1 Mil) but then declined from Dec. 2022 ($468.1 Mil) to Dec. 2023 ($385.4 Mil).

Chesswood Group Long-Term Capital Lease Obligation Historical Data

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

Chesswood Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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108.27

82.38

283.13

468.05

385.39

Chesswood Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															452.18	448.75	426.88	385.39	344.36

Chesswood Group (OTCPK:CHWWQ) 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.

Chesswood Group Long-Term Capital Lease Obligation Related Terms

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Chesswood Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Chesswood Group Ltd (OTCPK:CHWWQ) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

1133 Yonge Street, Suite 603, Toronto, ON, CAN, M4T 2Y7

Website

https://www.chesswoodgroup.com

Chesswood Group Ltd is a holding company whose subsidiaries engage in the business of specialty finance (including equipment finance throughout North America, and vehicle finance in Canada), as well as the origination and management of private credit alternatives for North American investors. The company's operations consist of U.S. Equipment Financing Segment, Canadian Equipment Financing Segment, Canadian Auto Financing Segment, and Asset Management Segment. The US Equipment Financing business, which is the key revenue driver, is located in the US and is involved in small-ticket equipment leasing and lending to small and medium-sized businesses.

Chesswood Group Headlines

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