Commerce Split (TSX:YCM.PR.B.PFD) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Nov. 2023)

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What is Commerce Split Long-Term Capital Lease Obligation?

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

Commerce Split Long-Term Capital Lease Obligation Historical Data

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

Commerce Split Annual Data

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Long-Term Capital Lease Obligation

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Commerce Split Semi-Annual Data
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Commerce Split (TSX:YCM.PR.B.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.

Commerce Split Long-Term Capital Lease Obligation Related Terms

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Commerce Split (TSX:YCM.PR.B.PFD) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Commerce Split Corp (TSX:YCM.PR.B.PFD) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

YCM.PR.A.PFD:Canada YCM:Canada

Address

77 King Street West, P.O. Box 341, Suite 4500, Royal Trust Tower, Toronto, ON, CAN, M5K 1K7

Website

https://www.quadravest.com

Commerce Split Corp is a mutual fund company. It invests in common shares of Canadian imperial bank of commerce. The corporation offers three types of shares, a Capital share, a Class I Preferred, and a Class II Preferred.

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