Montfort Capital (Montfort Capital) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2024)

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What is Montfort Capital Long-Term Capital Lease Obligation?

Montfort Capital's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.

Montfort Capital Long-Term Capital Lease Obligation Historical Data

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

Montfort Capital Annual Data

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Long-Term Capital Lease Obligation

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Montfort Capital Quarterly Data
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Montfort Capital (OTCPK:MONTF) 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.

Montfort Capital Long-Term Capital Lease Obligation Related Terms

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Montfort Capital (Montfort Capital) Business Description

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

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MONT.PR.A.PFD:Canada MONT:Canada

Address

181 Bay Street, Suite 2920, Bay Wellington Tower, Toronto, ON, CAN, M5J 2T3

Website

https://www.montfortcapital.com

Montfort Capital Corp manages a diversified family of specialized private credit brands that utilize focused strategies and experienced management teams combined with advanced technology to improve fee-related performance. Montfort facilitates transparency for all its investors through public company reporting. Its mission is to create value for shareholders by leveraging a tech-enabled lending platform to provide private debt capital to growing businesses through its group of specialty finance companies.