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Helios Fairfax Partners (TSX:HFPC.U) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)


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What is Helios Fairfax Partners Long-Term Capital Lease Obligation?

Helios Fairfax Partners's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.


Helios Fairfax Partners Long-Term Capital Lease Obligation Historical Data

The historical data trend for Helios Fairfax Partners'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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Helios Fairfax Partners Long-Term Capital Lease Obligation Chart

Helios Fairfax Partners Annual Data
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Helios Fairfax Partners Quarterly Data
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Helios Fairfax Partners  (TSX:HFPC.U) 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.

Helios Fairfax Partners Long-Term Capital Lease Obligation Related Terms

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Helios Fairfax Partners (TSX:HFPC.U) Business Description

Traded in Other Exchanges
Address
95 Wellington Street West, Suite 800, Toronto, ON, CAN, M5J 2N7
Helios Fairfax Partners Corp is an investment holding company whose investment objective is to achieve long-term capital appreciation while preserving capital, by investing in public and private equity securities and debt instruments in Africa and African businesses. It is also engaged in property and casualty insurance and reinsurance business.

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