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BEST Venture Opportunities Fund (XCNQ:BVOF.B) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Aug. 2024)


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What is BEST Venture Opportunities Fund Long-Term Capital Lease Obligation?

BEST Venture Opportunities Fund's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2024 was C$0.00 Mil.


BEST Venture Opportunities Fund Long-Term Capital Lease Obligation Historical Data

The historical data trend for BEST Venture Opportunities Fund'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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BEST Venture Opportunities Fund Long-Term Capital Lease Obligation Chart

BEST Venture Opportunities Fund Annual Data
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BEST Venture Opportunities Fund Semi-Annual Data
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BEST Venture Opportunities Fund  (XCNQ:BVOF.B) 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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BEST Venture Opportunities Fund Business Description

Traded in Other Exchanges
N/A
Address
120 Adelaide Street West, Suite 2500, Toronto, ON, CAN, M5H 1T1
BEST Venture Opportunities Fund Inc is registered as a Labour Sponsored Investment Fund Corporation. The Fund seeks to achieve long-term capital appreciation by investing its assets in accordance with the requirements of the Community Small Business Investment Funds Act (Ontario) and the Income Tax Act (Canada). It diversifies its portfolio by investing in a variety of industries and stages of development including mature, expansion, acquisition, start-up and turnaround stages.

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