Firm Capital Mortgage Investment (FRA:74X) Long-Term Capital Lease Obligation : €0.00 Mil (As of Mar. 2024)

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What is Firm Capital Mortgage Investment Long-Term Capital Lease Obligation?

Firm Capital Mortgage Investment's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.00 Mil.

Firm Capital Mortgage Investment Long-Term Capital Lease Obligation Historical Data

The historical data trend for Firm Capital Mortgage Investment'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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Firm Capital Mortgage Investment Long-Term Capital Lease Obligation Chart

Firm Capital Mortgage Investment Annual Data

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Long-Term Capital Lease Obligation

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Firm Capital Mortgage Investment Quarterly Data
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Firm Capital Mortgage Investment (FRA:74X) 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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Firm Capital Mortgage Investment (FRA:74X) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Firm Capital Mortgage Investment Corp (FRA:74X) » Definitions » Long-Term Capital Lease Obligation

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FCMGF:USA FC:Canada

Address

163 Cartwright Avenue, Toronto, ON, CAN, M6A 1V5

Website

https://www.firmcapital.com

Firm Capital Mortgage Investment Corp is a Canadian financial provider. It acts as a non-bank lender providing residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine, and equity investments. The company provides construction, equity and conventional real estate finance for include residential houses, small multi-family residential properties, mixed-use residential and others to the builder, developer, and real estate owner marketplace along with a high level of personal service to real estate investors. Also, it provides loan servicing, asset management, and related investment services. The company's revenue mainly comprises Interest and fee income and commission fees arising from Canada and United States.

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