The Westaim (The Westaim) Long-Term Capital Lease Obligation : $0.0 Mil (As of Mar. 2024)

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What is The Westaim Long-Term Capital Lease Obligation?

The Westaim's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.0 Mil.

The Westaim Long-Term Capital Lease Obligation Historical Data

The historical data trend for The Westaim'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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The Westaim Long-Term Capital Lease Obligation Chart

The Westaim Annual Data

Trend

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Long-Term Capital Lease Obligation

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The Westaim Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

The Westaim (OTCPK:WEDXF) 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.

The Westaim Long-Term Capital Lease Obligation Related Terms

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The Westaim (The Westaim) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » The Westaim Corp (OTCPK:WEDXF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

WEM1:Germany WED:Canada

Address

70 York Street, Suite 1700, Toronto, ON, CAN, M5J 1S9

Website

https://www.westaim.com

The Westaim Corp is a Canada-based investment company, engaged in providing long-term capital to businesses operating mainly within the financial services industry. It invests, directly and indirectly, through acquisitions, joint ventures, and other arrangements, to provide its shareholders with capital appreciation and real wealth preservation. The group seeks to acquire debt, equity, or derivative securities of both public and private companies. The company derives revenue mostly from interest income and dividend income. Geographically, it has a business presence in the U.S., Asia Pacific, Canada, Europe, and other countries.

Executives

Cameron Macdonald	10 percent owner	70 YORK STREET, SUITE 1700, TORONTO A6 M5J 1S9
Goodwood Inc.	10 percent owner	212 KING STREET WEST, SUITE 201, TORONTO A6 M5H1K5
Peter Puccetti	10 percent owner	212 KING STREET WEST, SUITE 201, TORONTO A6 M5H 1K5
Fund Goodwood	other: Other	212 KING STREET WEST, SUITE 201, TORONTO A6 M5H 1K5
Goodwood Fund 2.0 Ltd	other: Other	212 KING STREET WEST, SUITE 201, TORONTO A6 M5H 1K5
Goodwood Fund Arrow	other: Other	212 KING STREET WEST, SUITE 201, TORONTO A6 M5H 1K5
Capital Fund Goodwood	other: Other	212 KING STREET WEST, SUITE 201, TORONTO A6 M5H 1K5
1354037 Ontario Inc.	10 percent owner	212 KING STREET WEST, SUITE 201, TORONTO A6 M5H 1K5
K2 Principal Fund, L.p.	10 percent owner	2 BLOOR STREET WEST, SUITE 801, TORONTO A6 M4W 3E2
Shawn Kimel	10 percent owner	2 BLOOR STREET WEST, SUITE 801, TORONTO A6 M4W 3E2
Shawn Kimel Investments, Inc.	10 percent owner	2 BLOOR STREET WEST, SUITE 801, TORONTO A6 M4W 3E2
K2 & Associates Investment Management Inc.	10 percent owner	2 BLOOR STREET WEST, SUITE 801, TORONTO A6 M4W 3E2
K2 Genpar, Inc.	10 percent owner	444 ADELAIDE STREET W SUITE 200, TORONTO A6 M5V 1S7