Conduit Capital (Conduit Capital) Long-Term Capital Lease Obligation : $2.87 Mil (As of Dec. 2021)

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What is Conduit Capital Long-Term Capital Lease Obligation?

Conduit Capital's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2021 was $2.87 Mil.

Conduit Capital's quarterly Long-Term Capital Lease Obligation declined from Dec. 2020 ($3.53 Mil) to Jun. 2021 ($3.53 Mil) and declined from Jun. 2021 ($3.53 Mil) to Dec. 2021 ($2.87 Mil).

Conduit Capital's annual Long-Term Capital Lease Obligation declined from Jun. 2019 ($3.99 Mil) to Jun. 2020 ($3.08 Mil) but then increased from Jun. 2020 ($3.08 Mil) to Jun. 2021 ($3.53 Mil).

Conduit Capital Long-Term Capital Lease Obligation Historical Data

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

Conduit Capital Annual Data

Trend

Aug12

Aug13

Aug14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Long-Term Capital Lease Obligation

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0.02

3.99

3.08

3.53

Conduit Capital Semi-Annual Data
	Feb12	Aug12	Feb13	Aug13	Feb14	Aug14	Feb15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.86	3.08	3.53	3.53	2.87

Conduit Capital (OTCPK:CNCPF) 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.

Conduit Capital Long-Term Capital Lease Obligation Related Terms

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Conduit Capital (Conduit Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Conduit Capital Ltd (OTCPK:CNCPF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

2 Bruton Road, Building B, Nicol Main Office Park, Bryanston, Sandton, ZAF, 2191

Website

http://www.conduitcapital.co.za

Conduit Capital Ltd is a South Africa-based investment holding company. The company, through its subsidiaries and associates, carries on business in the financial services industry with a focus on insurance. It serves in two segments: Insurance and Risk, and Investment . The Insurance and Risk division includes the company's insurance interests. The company writes both short-term and long-term insurance business. The long-term business consists mainly of funeral cover, comprising both individual business and group schemes. Several lines of short-term business are written, providing cover to individuals and ensuring business risks. The main short-term lines of business include Guarantee, Liability, and Motor.

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