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Palmetto Real Estate Trust (Palmetto Real Estate Trust) Long-Term Capital Lease Obligation : $0.00 Mil (As of . 20)


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What is Palmetto Real Estate Trust Long-Term Capital Lease Obligation?

Palmetto Real Estate Trust's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was $0.00 Mil.

Palmetto Real Estate Trust Long-Term Capital Lease Obligation Historical Data

The historical data trend for Palmetto Real Estate 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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Palmetto Real Estate Trust Long-Term Capital Lease Obligation Chart

Palmetto Real Estate Trust Annual Data
Trend
Long-Term Capital Lease Obligation

Palmetto Real Estate Trust Quarterly Data
Long-Term Capital Lease Obligation

Palmetto Real Estate Trust  (OTCPK:PTTTS) 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.

Palmetto Real Estate Trust Long-Term Capital Lease Obligation Related Terms

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Palmetto Real Estate Trust (Palmetto Real Estate Trust) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Palmetto Real Estate Trust (OTCPK:PTTTS) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
ACMC BMNM TRMT LOAN HCFT SACH EARN AI CHMI AJX ANH ORC DX XAN ACRE MITT WMC RC CMO GPMT
Traded in Other Exchanges
N/A
Address
45 Liberty Lane, Greenville, SC, USA, 29607
Website
https://www.palmetto-trust.com
Palmetto Real Estate Trust is a real estate company. It is primarily involved in the commercial real estate leasing activity.
Executives
Howard Samuel Hunter Jr other: Trustee 381 HALTON ROAD, GREENVILLE SC 29607

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