GGTPG.PFD (Gabelli Multimedia Trust) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2024)

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What is Gabelli Multimedia Trust Long-Term Capital Lease Obligation?

Gabelli Multimedia Trust's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.00 Mil.

Gabelli Multimedia Trust Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gabelli Multimedia Trust'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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Gabelli Multimedia Trust Long-Term Capital Lease Obligation Chart

Gabelli Multimedia Trust Annual Data

Trend

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Long-Term Capital Lease Obligation

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Gabelli Multimedia Trust Semi-Annual Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									-	-	-	-	-

Gabelli Multimedia Trust (NYSE:GGTpG.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.

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Gabelli Multimedia Trust Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Gabelli Multimedia Trust Inc (NYSE:GGTpG.PFD) » Definitions » Long-Term Capital Lease Obligation

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Address

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

Website

https://www.gabelli.com

Gabelli Multimedia Trust Inc is a non-diversified closed-end management investment company. Its investment objective is the long-term growth of capital with income as a secondary objective. The fund invests majority of its assets, under normal market conditions, in common stock and other securities, including convertible securities, preferred stock, options, and warrants of companies in the telecommunications, media, publishing, and entertainment industries.