Burnham Holdings (Burnham Holdings) Long-Term Capital Lease Obligation : $3.1 Mil (As of Sep. 2023)

View and export this data going back to . Start your Free Trial

What is Burnham Holdings Long-Term Capital Lease Obligation?

Burnham Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $3.1 Mil.

Burnham Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($0.9 Mil) to Mar. 2023 ($2.0 Mil) and increased from Mar. 2023 ($2.0 Mil) to Sep. 2023 ($3.1 Mil).

Burnham Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($3.0 Mil) to Dec. 2021 ($1.3 Mil) and declined from Dec. 2021 ($1.3 Mil) to Dec. 2022 ($0.9 Mil).

Burnham Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Burnham Holdings'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.

* Premium members only.

Burnham Holdings Long-Term Capital Lease Obligation Chart

Burnham Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

3.45

3.00

1.30

0.94

Burnham Holdings Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.17	1.09	0.94	2.04	3.14

Burnham Holdings (OTCPK:BURCA) 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.

Burnham Holdings Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Burnham Holdings's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Burnham Holdings (Burnham Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Burnham Holdings Inc (OTCPK:BURCA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

BURCP.PFD:USA

Address

1241 Harrisburg Pike, P.O. Box 3245, Lancaster, PA, USA, 17603

Website

https://www.burnhamholdings.com

Burnham Holdings Inc provides thermal and interior comfort solutions used in a range of residential, commercial, and industrial applications to the heating, ventilating and air conditioning industry. Its subsidiaries design, manufacture and sale of boilers and related heating ventilating and air conditioning products and accessories. The firm sells and markets its products under brand names such as Alpine, K2, Phantom and Raptor, and others. Its products include boilers, boiler room accessories, advanced control systems, furnaces, radiators, air conditioning systems etc. The firm derives majority of its revenues from sales in the United States.