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Kingsway Linked Return Of Capital Trust (TSX:KSP.UN.PFD) Long-Term Capital Lease Obligation : C$0.00 Mil (As of . 20)


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What is Kingsway Linked Return Of Capital Trust Long-Term Capital Lease Obligation?

Kingsway Linked Return Of Capital Trust's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was C$0.00 Mil.


Kingsway Linked Return Of Capital Trust Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kingsway Linked Return Of Capital 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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Kingsway Linked Return Of Capital Trust Long-Term Capital Lease Obligation Chart

Kingsway Linked Return Of Capital Trust Annual Data
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Long-Term Capital Lease Obligation
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Kingsway Linked Return Of Capital Trust Quarterly Data
Long-Term Capital Lease Obligation

Kingsway Linked Return Of Capital Trust  (TSX:KSP.UN.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.

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Kingsway Linked Return Of Capital Trust (TSX:KSP.UN.PFD) Business Description

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Kingsway Linked Return is an investment trust established in Canada. The Company seeks to provide quarterly fixed cumulative distributions of $0.3125 per LROC Preferred Unit. The Company will use the net proceeds of this offering to subscribe for and purchase all of the limited partnership units of KL Limited Partnership. The Company's activities are managed by Scotia Managed Companies Administration Inc., and overseen by the trustees of the Trust.

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