Canoe EITome Fund (TSX:EIT.UN) Long-Term Capital Lease Obligation : C$0.0 Mil (As of Dec. 2023)

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What is Canoe EITome Fund Long-Term Capital Lease Obligation?

Canoe EITome Fund's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.0 Mil.

Canoe EITome Fund Long-Term Capital Lease Obligation Historical Data

The historical data trend for Canoe EITome 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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Canoe EITome Fund Long-Term Capital Lease Obligation Chart

Canoe EITome Fund Annual Data

Trend

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Long-Term Capital Lease Obligation

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Canoe EITome Fund Semi-Annual Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Canoe EITome Fund (TSX:EIT.UN) 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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Canoe EITome Fund (TSX:EIT.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Canoe EIT Income Fund (TSX:EIT.UN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

ENDTF:USA EIT.PR.B.PFD:Canada EIT.PR.A.PFD:Canada

Address

421 - 7th Avenue SW, Suite 2750, Calgary, AB, CAN, T2P 4K9

Website

https://www.canoefinancial.com

Canoe EIT Income Fund is a Canadian closed-end investment trust. The investment objective of the Fund is to maximize monthly distributions relative to risk and maximize net asset value while maintaining and expanding a diversified portfolio. The company invests in various sectors, of which Financials, Energy, Healthcare, etc.

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