Fearless Films (Fearless Films) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2022)

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What is Fearless Films Long-Term Capital Lease Obligation?

Fearless Films's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2022 was $0.00 Mil.

Fearless Films Long-Term Capital Lease Obligation Historical Data

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

Fearless Films Annual Data

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Long-Term Capital Lease Obligation

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Fearless Films Quarterly Data
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Fearless Films (OTCPK:FERL) 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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Fearless Films (Fearless Films) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Fearless Films Inc (OTCPK:FERL) » Definitions » Long-Term Capital Lease Obligation

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Address

467 Edgeley Boulevard, Unit 2, Concord, ON, CAN, L4K 4E9

Website

https://www.fearlessent.com

Fearless Films Inc is a provider of professional services for all forms of short film and full-length feature film production. The company handles everything from directing and creative directing all the way through post-production and fulfillment. Its services include Video and film production, Animation and special effects, Talent acquisition, Editing, and Distribution. Its primary markets are Media & Entertainment companies (short films, feature films, TV drama, broadcast programs), Animation and Multimedia companies. It provides directing, creative, video capture, video editing and full range of postproduction services to these target markets.