Dominion Lending Centres (TSX:DLCG) Long-Term Capital Lease Obligation : C$1.28 Mil (As of Mar. 2024)

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What is Dominion Lending Centres Long-Term Capital Lease Obligation?

Dominion Lending Centres's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$1.28 Mil.

Dominion Lending Centres's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$1.48 Mil) to Dec. 2023 (C$1.38 Mil) and declined from Dec. 2023 (C$1.38 Mil) to Mar. 2024 (C$1.28 Mil).

Dominion Lending Centres's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$1.86 Mil) to Dec. 2022 (C$1.75 Mil) and declined from Dec. 2022 (C$1.75 Mil) to Dec. 2023 (C$1.38 Mil).

Dominion Lending Centres Long-Term Capital Lease Obligation Historical Data

The historical data trend for Dominion Lending Centres'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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Dominion Lending Centres Long-Term Capital Lease Obligation Chart

Dominion Lending Centres Annual Data

Trend

Sep13

Sep14

Sep15

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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47.41

2.30

1.86

1.75

1.38

Dominion Lending Centres Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.66	1.57	1.48	1.38	1.28

Dominion Lending Centres (TSX:DLCG) 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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Dominion Lending Centres (TSX:DLCG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Dominion Lending Centres Inc (TSX:DLCG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

BRLGF:USA

Address

2207 - 4th Street SW, Suite 400, Calgary, AB, CAN, T2S 1X1

Website

https://www.dlcg.ca

Dominion Lending Centres Inc is a mortgage brokerage franchisor and mortgage broker data connectivity provider with operations across Canada. The Group operates through Dominion Lending Centres and its three main subsidiaries, MCC Mortgage Centre Canada Inc., MA Mortgage Architects Inc and Newton Connectivity Systems Inc. The company has two operating segments, namely, the Core Business Operations segment and the NonCore Business Asset Management segment. The company generates revenue mainly from franchising and mortgage brokerage services.

Executives

Dennis Frank Sykora

Director

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