LTSAP.PFD (Osaic Financial Services) Long-Term Capital Lease Obligation : $33.51 Mil (As of Dec. 2019)

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What is Osaic Financial Services Long-Term Capital Lease Obligation?

Osaic Financial Services's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2019 was $33.51 Mil.

Osaic Financial Services's quarterly Long-Term Capital Lease Obligation declined from Jun. 2019 ($36.40 Mil) to Sep. 2019 ($34.80 Mil) and declined from Sep. 2019 ($34.80 Mil) to Dec. 2019 ($33.51 Mil).

Osaic Financial Services's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2017 ($0.00 Mil) to Dec. 2018 ($0.00 Mil) but then increased from Dec. 2018 ($0.00 Mil) to Dec. 2019 ($33.51 Mil).

Osaic Financial Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for Osaic Financial Services'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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Osaic Financial Services Long-Term Capital Lease Obligation Chart

Osaic Financial Services Annual Data

Trend

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Long-Term Capital Lease Obligation

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33.51

Osaic Financial Services Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	37.71	36.40	34.80	33.51

Osaic Financial Services (OTCPK:LTSAP.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.

Osaic Financial Services Long-Term Capital Lease Obligation Related Terms

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Osaic Financial Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Osaic Financial Services Inc (OTCPK:LTSAP.PFD) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

4400 Biscayne Boulevard, 12th Floor, Miami, FL, USA, 33137

Website

https://www.ladenburg.com

Osaic Financial Services Inc formerly Ladenburg Thalmann Financial Services Inc is a United States-based company that provides diversified financial services. The company conducts operations through a number of subsidiaries, with three operating segments. The independent brokerage and advisory services segment consists of broker-dealer and investment advisory services, along with wealth-management services. The Ladenburg segment comprises investment banking, sales and trading and asset management services, and investment activities. The insurance brokerage segment comprises wholesale insurance brokerage activities. The company generates the majority of revenue from the independent brokerage and advisory services segment. Its business is concentrated in the United States.

Executives

Michael Liebowitz	director	4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Vector Group Ltd	10 percent owner	4400 BISCAYNE BOULEVARD, 10TH FLOOR, MIAMI FL 33137
Glenn C Davis	director	4400 BISCAYNE BOULEVARD, 12TH FLOOR, MIAMI FL 33137
Joseph Giovanniello	officer: Senior Vice President	520 MADISON AVENUE, 9TH FLOOR, NEW YORK NY 10022
Dmitry Kolosov	director	C/O OPKO HEALTH, INC., 4400 BISCAYNE BLVD., MIAMI FL 33137
Adam Scott Malamed	officer: Chief Operating Officer	4400 BISCAYNE BLVD., 12TH FLOOR, MIAMI FL 33137
Jacqueline M Simkin	director	801 BRICKELL AVENUE, SUITE 2350, MIAMI FL 33131
Frost Nevada Investments Trust	10 percent owner	4400 BISCAYNE BOULEVARD, 15TH FLOOR, MIAMI FL 33137
Brett Kaufman	officer: Vice President and CFO	4400 BISCAYNE BLVD., 12TH FLOOR, MIAMI FL 33137
Frost Gamma Investments Trust	10 percent owner	4400 BISCAYNE BLVD, MIAMI FL 33137
Richard M Krasno	director	C/O OPKO HEALTH, INC., 4400 BISCAYNE BLVD., MIAMI FL 31337
Saul Gilinski	director	C.I. FARMACAPSULAS S.A., 1893 S.W. THIRD STREET, POMPANO BEACH FL 33069
Diane Chillemi	officer: Chief Financial Officer	GBI CAPITAL MANAGEMENT CORP, 1055 STEWART AVE, BETHPAGE NY 11714
Richard J Rosenstock	director	C/O GAINES BERLAND INC, 1055 STEWART AVENUE, BETHPAGE NY 11714
Bruce S Mendelsohn	officer: Managing Director & Senior EVP	LADENBURG THALMANN FINANCIAL SERVICES, 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022