ECN Capital (TSX:ECN.PR.C.PFD) Long-Term Capital Lease Obligation : C$19.67 Mil (As of Mar. 2025)

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What is ECN Capital Long-Term Capital Lease Obligation?

ECN Capital's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was C$19.67 Mil.

ECN Capital's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 (C$20.86 Mil) to Dec. 2024 (C$20.52 Mil) and declined from Dec. 2024 (C$20.52 Mil) to Mar. 2025 (C$19.67 Mil).

ECN Capital's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (C$28.66 Mil) to Dec. 2023 (C$22.94 Mil) and declined from Dec. 2023 (C$22.94 Mil) to Dec. 2024 (C$20.52 Mil).

ECN Capital Long-Term Capital Lease Obligation Historical Data

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

ECN Capital Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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28.66

22.94

20.52

ECN Capital Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															22.06	21.65	20.86	20.52	19.67

ECN Capital (TSX:ECN.PR.C.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.

ECN Capital Long-Term Capital Lease Obligation Related Terms

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ECN Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ECN Capital Corp (TSX:ECN.PR.C.PFD) » Definitions » Long-Term Capital Lease Obligation

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ECNCF:USA 2EZ:Germany ECN:Canada

Address

199 Bay Street, Suite 4000, Commerce Court West, Toronto, ON, CAN, M5L1A9

Website

https://www.ecncapitalcorp.com

ECN Capital Corp is a financial business service provider. The group originates, manages, and advises on credit assets on behalf of its partners, specifically consumer loans and commercial loans. The company's operating segment includes Manufactured Housing Finance and Recreational Vehicle and Marine (RV and Marine) Finance. It generates majority revenue from Manufactured Housing Finance segment.

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