Brompton Split Banc (TSX:SBC.PR.A.PFD) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Dec. 2023)

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What is Brompton Split Banc Long-Term Capital Lease Obligation?

Brompton Split Banc's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil.

Brompton Split Banc Long-Term Capital Lease Obligation Historical Data

The historical data trend for Brompton Split Banc'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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Brompton Split Banc Long-Term Capital Lease Obligation Chart

Brompton Split Banc Annual Data

Trend

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Long-Term Capital Lease Obligation

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Brompton Split Banc Semi-Annual Data
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Brompton Split Banc (TSX:SBC.PR.A.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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Brompton Split Banc (TSX:SBC.PR.A.PFD) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Brompton Split Banc Corp (TSX:SBC.PR.A.PFD) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

SBC:Canada

Address

181 Bay Street, Suite 2930, Bay Wellington Tower, Brookfield Place, Toronto, ON, CAN, M5J 2T3

Website

https://www.bromptongroup.com

Brompton Split Banc Corp is a Canadian-based mutual fund corporation that invests in a common share portfolio of Canadian banks. Its investment objective for preferred shareholders holders is to provide fixed, cumulative, preferential quarterly cash distributions and to return the original issue price at maturity, and for class A shares holders are to provide monthly cash distributions and the opportunity for growth in Net Asset Value per share. Its products include ETFs, Split share Corps, Preferred Shares, and other TSX-traded funds.

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