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Angel Oak Financial Stratsome Term (Angel Oak Financial Stratsome Term) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jan. 2024)


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What is Angel Oak Financial Stratsome Term Long-Term Capital Lease Obligation?

Angel Oak Financial Stratsome Term's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.00 Mil.

Angel Oak Financial Stratsome Term Long-Term Capital Lease Obligation Historical Data

The historical data trend for Angel Oak Financial Stratsome Term'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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Angel Oak Financial Stratsome Term Long-Term Capital Lease Obligation Chart

Angel Oak Financial Stratsome Term Annual Data
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Long-Term Capital Lease Obligation
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Angel Oak Financial Stratsome Term Semi-Annual Data
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Angel Oak Financial Stratsome Term  (NYSE:FINS) 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.

Angel Oak Financial Stratsome Term Long-Term Capital Lease Obligation Related Terms

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Angel Oak Financial Stratsome Term (Angel Oak Financial Stratsome Term) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Angel Oak Financial Strats Income Term (NYSE:FINS) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
PMO ACP XFLT KTF BFZ MIN HQL KIO NAN SAR BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
3344 Peachtree Road NE, Suite 1725, Atlanta, GA, USA, 30326
Website
https://www.angeloakcapital.com
Angel Oak Financial Strats Income Term is a non-diversified, closed-end management investment company. The fund's objective is to seek current income with a secondary objective of total return. In pursuing its investment objective, the fund invests mainly in debt issued by financial institutions, including subordinated debt, unrated debt, senior debt, and high-yield securities.
Executives
Kevin Parks other: Portfolio Manager Affil. Fund 145 WEST 57TH STREET, 19TH FLOOR, NEW YORK NY 10019
William Eldredge officer: Chief Compliance Officer C/O ANGEL OAK CAPITAL ADVISORS, LLC, 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Angel Oak Capital Partners Ii, Llc other: General Partner of Adviser 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30309
Kevin Sluss officer: Secretary C/O ANGEL OAK CAPITAL ADVISORS, LLC, 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Navid Abghari other: Portfolio Manager 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Sun Life Financial Inc 10 percent owner SUN LIFE ASSURANCE CO OF CANADA, ONE YORK STREET, TORONTO A6 M5J 0B6
Sun Life Assurance Co Of Canada 10 percent owner ONE YORK STREET, TORONTO A6 M5J 0B6
Massachusetts Mutual Life Insurance Co 10 percent owner 1295 STATE STREET, SPRINGFIELD MA 01111
Michael Fierman other: Investment Adviser Principal ANGEL OAK CAPITAL ADVISORS, 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Daniel Asher 10 percent owner 111 W JACKSON BLVD, 20TH FL, CHICAGO IL 60604
Angel Oak Capital Advisors, Llc other: Investment Adviser ONE BUCKHEAD PLAZA, 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305-2240
John R Hsu officer: Secretary C/O ANGEL OAK CAPITAL ADVISORS, 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Cheryl Pate other: Portfolio Manager 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Sreeniwas Prabhu director ANGEL OAK CAPITAL ADVISORS, 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Johannes Palsson other: Portfolio Manager 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326