First Greenwich Financial (First Greenwich Financial) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2019)

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What is First Greenwich Financial Long-Term Capital Lease Obligation?

First Greenwich Financial's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2019 was $0.00 Mil.

First Greenwich Financial Long-Term Capital Lease Obligation Historical Data

The historical data trend for First Greenwich Financial's Long-Term Capital Lease Obligation can be seen below:

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First Greenwich Financial Long-Term Capital Lease Obligation Chart

First Greenwich Financial Annual Data

Trend

Long-Term Capital Lease Obligation

First Greenwich Financial Semi-Annual Data
	Sep19
Long-Term Capital Lease Obligation	-

First Greenwich Financial (OTCPK:FGFI) 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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First Greenwich Financial (First Greenwich Financial) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Greenwich Financial Inc (OTCPK:FGFI) » Definitions » Long-Term Capital Lease Obligation

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Address

444 East Putnam Avenue, Cos Cob, CT, USA, 06807

Website

https://www.greenwichfirst.com

First Greenwich Financial Inc is a United States-based company engaged in attracting deposits from the general public and investing those deposits in residential & commercial real estate loans and consumer & small business loans. It offers services including Certificate of Deposit, Checking, Courier Service, Online Banking, Retirement Accounts, and Lending services, among others.

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