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Financial 15 Split (Financial 15 Split) Long-Term Capital Lease Obligation : $0.00 Mil (As of Nov. 2023)


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What is Financial 15 Split Long-Term Capital Lease Obligation?

Financial 15 Split's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil.


Financial 15 Split Long-Term Capital Lease Obligation Historical Data

The historical data trend for Financial 15 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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Financial 15 Split Long-Term Capital Lease Obligation Chart

Financial 15 Split Annual Data
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Long-Term Capital Lease Obligation
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Financial 15 Split Semi-Annual Data
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Financial 15 Split  (OTCPK:FNNCF) 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.

Financial 15 Split Long-Term Capital Lease Obligation Related Terms

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Financial 15 Split (Financial 15 Split) Business Description

Traded in Other Exchanges
Address
200 Front Street West, Suite 2510, Toronto, ON, CAN, M5V3K2
Financial 15 Split Corp is a Canada-based company. It is an independent investment management firm that is focused on the creation and management of enhanced yield products for retail investors. Its products consist of income financial trust, m-split corp, commerce split corp, and others.

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