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LFLS (Loans4Less.Com) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2024)


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What is Loans4Less.Com Long-Term Capital Lease Obligation?

Loans4Less.Com's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.00 Mil.

Loans4Less.Com Long-Term Capital Lease Obligation Historical Data

The historical data trend for Loans4Less.Com'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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Loans4Less.Com Long-Term Capital Lease Obligation Chart

Loans4Less.Com Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
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Loans4Less.Com Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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Loans4Less.Com  (OTCPK:LFLS) 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.

Loans4Less.Com Long-Term Capital Lease Obligation Related Terms

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Loans4Less.Com Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Loans4Less.Com (OTCPK:LFLS) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
22409 Susana Avenue, Torrance, CA, USA, 90505-2039
Website
https://www.loans4less.com
Loans4Less.Com is a Real Estate and Mortgage Broker Corporation. It engages into into mortgage industry standard wholesale lender agreements and transacts as a Loan Originator serving consumers in residential mortgages.