GDL Fund (GDL Fund) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)

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What is GDL Fund Long-Term Capital Lease Obligation?

GDL Fund's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.

GDL Fund Long-Term Capital Lease Obligation Historical Data

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

GDL Fund Annual Data

Trend

Dec17

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Dec23

Long-Term Capital Lease Obligation

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GDL Fund Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								-	-	-	-	-

GDL Fund (NYSE:GDLPRB.PFD) 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.

GDL Fund Long-Term Capital Lease Obligation Related Terms

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GDL Fund (GDL Fund) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GDL Fund (NYSE:GDLPRB.PFD) » Definitions » Long-Term Capital Lease Obligation

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GDLpC.PFD:USA GDL:USA

Address

One Corporate Center, Rye, NY, USA, 10580-1422

Website

https://www.gabelli.com

GDL Fund is a diversified closed-end management investment company. Its primary investment objective is to achieve absolute returns in various market conditions without excessive risk of capital. The fund seeks to achieve its objective by investing in merger arbitrage transactions and, to a lesser extent, in corporate reorganizations involving stubs, spin-offs, and liquidations.