Manulife Floating Rate Senior Loan Fund (TSX:MFR.UN) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Jun. 2020)

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What is Manulife Floating Rate Senior Loan Fund Long-Term Capital Lease Obligation?

Manulife Floating Rate Senior Loan Fund's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2020 was C$0.00 Mil.

Manulife Floating Rate Senior Loan Fund Long-Term Capital Lease Obligation Historical Data

The historical data trend for Manulife Floating Rate Senior Loan 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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Manulife Floating Rate Senior Loan Fund Long-Term Capital Lease Obligation Chart

Manulife Floating Rate Senior Loan Fund Annual Data

Trend

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Long-Term Capital Lease Obligation

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Manulife Floating Rate Senior Loan Fund Semi-Annual Data
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Manulife Floating Rate Senior Loan Fund (TSX:MFR.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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Manulife Floating Rate Senior Loan Fund (TSX:MFR.UN) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Manulife Floating Rate Senior Loan Fund (TSX:MFR.UN) » Definitions » Long-Term Capital Lease Obligation

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Address

200 Bloor Street East, North Tower, Toronto, ON, CAN, M4W 1E5

Website

http://www.manulifeim.ca

Manulife Floating Rate Senior Loan Fund is a Canada based closed-end investment fund. Its investment objective is to provide holders of units with monthly distributions; to preserve capital and to provide the opportunity for increased income if short-term interest rates rise. It is formed to invest in an actively managed portfolio of investments in senior floating rate loans and, to a lesser extent, short duration debt securities.

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