AGF Management (FRA:A3J) Long-Term Capital Lease Obligation : €53.0 Mil (As of Feb. 2024)

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What is AGF Management Long-Term Capital Lease Obligation?

AGF Management's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was €53.0 Mil.

AGF Management's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 (€56.9 Mil) to Nov. 2023 (€52.7 Mil) but then increased from Nov. 2023 (€52.7 Mil) to Feb. 2024 (€53.0 Mil).

AGF Management's annual Long-Term Capital Lease Obligation increased from Nov. 2021 (€56.3 Mil) to Nov. 2022 (€58.5 Mil) but then declined from Nov. 2022 (€58.5 Mil) to Nov. 2023 (€52.7 Mil).

AGF Management Long-Term Capital Lease Obligation Historical Data

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

AGF Management Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Long-Term Capital Lease Obligation

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52.47

56.26

58.52

52.65

AGF Management Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															55.13	56.96	56.85	52.65	52.99

AGF Management (FRA:A3J) 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.

AGF Management Long-Term Capital Lease Obligation Related Terms

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AGF Management (FRA:A3J) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » AGF Management Ltd (FRA:A3J) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

AGFMF:USA AGF.B:Canada

Address

81 Bay Street, Suite 3900, CIBC SQUARE, Tower One, Toronto, ON, CAN, M5J 0G1

Website

https://www.agf.com

AGF Management is a Canada-based asset manager with operations and investments in Canada, the United States, the United Kingdom, Ireland, and Asia. At the end of September, the firm had CAD 41.0 billion in total assets under management. Its funds are weighted more heavily toward equities, with close to three fourths of retail AUM being equity-related. That said, the company does use fundamental, quantitative, and alternative strategies to manage its investment funds. AGF Management has a more meaningful portion of its business tied to institutional clients than its peers, with one fourth of its total AUM derived from institutional and subadvised accounts. The company derives 17% of its managed assets from high-net-worth clients.

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