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Charter Court Financial Services Group (CHIX:CCFSL) Long-Term Capital Lease Obligation : £0.0 Mil (As of Jun. 2019)


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What is Charter Court Financial Services Group Long-Term Capital Lease Obligation?

Charter Court Financial Services Group's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2019 was £0.0 Mil.


Charter Court Financial Services Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Charter Court Financial Services Group'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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Charter Court Financial Services Group Long-Term Capital Lease Obligation Chart

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Charter Court Financial Services Group  (CHIX:CCFSL) 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.

Charter Court Financial Services Group Long-Term Capital Lease Obligation Related Terms

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Charter Court Financial Services Group (CHIX:CCFSL) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
2 Charter Court, Broadlands, Wolverhampton, GBR, WV10 6TD
Charter Court Financial Services Group PLC provides financial services in mortgage loans, online retail savings, and mortgage administration. The group operates through following segments: The Buy to let Lending segment engages in the long-term first charge loans to landlords. The Residential Lending segment engages in the first charge loans to owner-occupiers. The Short Term Lending segment engages in the short term bridging finance to owner-occupiers, landlords, and property developers. The Second Charge Lending segment engages in the long-term second charge loans. The Other segment engages in the central functions of the group, including treasury and third-party mortgage servicing.

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