JMMB Group (TRN:JMMBGL) Long-Term Capital Lease Obligation : TTD0.00 Mil (As of . 20)

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What is JMMB Group Long-Term Capital Lease Obligation?

JMMB Group's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was TTD0.00 Mil.

JMMB Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for JMMB Group'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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JMMB Group Long-Term Capital Lease Obligation Chart

JMMB Group Annual Data

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Long-Term Capital Lease Obligation

JMMB Group Semi-Annual Data

Long-Term Capital Lease Obligation

JMMB Group (TRN:JMMBGL) 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.

JMMB Group Long-Term Capital Lease Obligation Related Terms

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JMMB Group (TRN:JMMBGL) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » JMMB Group Ltd (TRN:JMMBGL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

JMMBGL7.00NC.PFD:Jamaica JMMBGL7.25C.PFD:Jamaica

Address

6 Haughton Terrace, Kingston, JAM, 10

Website

https://www.jm.jmmb.com

JMMB Group Ltd is engaged in holding equity investments in business enterprises. Its services include securities brokering, stock brokering, portfolio planning, funds management and investment advisory services. The operating business segments are Financial and related services, Banking and related services, and Other.

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