Torrent Capital (TSXV:TORR) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Sep. 2024)

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What is Torrent Capital Long-Term Capital Lease Obligation?

Torrent Capital's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.00 Mil.

Torrent Capital Long-Term Capital Lease Obligation Historical Data

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

Torrent Capital Annual Data

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Long-Term Capital Lease Obligation

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Torrent Capital Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Torrent Capital (TSXV:TORR) 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.

Torrent Capital Long-Term Capital Lease Obligation Related Terms

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Torrent Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Torrent Capital Ltd (TSXV:TORR) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

TRRPF:USA 0MLA:Germany

Address

1969 Upper Water Street, Suite 2001, Purdy’s Wharf II, Halifax, NS, CAN, B3J 3R7

Website

https://www.torrentcapital.ca

Torrent Capital Ltd is a company that focuses on strategic investments in public and private company securities.

Executives

William Carl Sheppard	Director
Wade K. Dawe	Senior Officer
R. Wayne Myles	Director
Glynn David Fisher	10% Security Holder
Carl Hansen	Director
Harold James (jim) Megann	Director
George Armoyan	10% Security Holder
Sime Armoyan	10% Security Holder

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