Wilmington Capital Management (TSX:WCM.A) Long-Term Capital Lease Obligation : C$0.09 Mil (As of Dec. 2023)

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What is Wilmington Capital Management Long-Term Capital Lease Obligation?

Wilmington Capital Management's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.09 Mil.

Wilmington Capital Management's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (C$0.12 Mil) to Jun. 2023 (C$0.10 Mil) and declined from Jun. 2023 (C$0.10 Mil) to Dec. 2023 (C$0.09 Mil).

Wilmington Capital Management's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$0.15 Mil) to Dec. 2022 (C$0.12 Mil) and declined from Dec. 2022 (C$0.12 Mil) to Dec. 2023 (C$0.09 Mil).

Wilmington Capital Management Long-Term Capital Lease Obligation Historical Data

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

Wilmington Capital Management Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.14

0.15

0.12

0.09

Wilmington Capital Management Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.12	0.12	0.10	0.09	-

Wilmington Capital Management (TSX:WCM.A) 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.

Wilmington Capital Management Long-Term Capital Lease Obligation Related Terms

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Wilmington Capital Management (TSX:WCM.A) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Wilmington Capital Management Inc (TSX:WCM.A) » Definitions » Long-Term Capital Lease Obligation

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WCM.B:Canada

Address

3282 Ogdens Beach Road, Midland, ON, CAN, L4R 4K3

Website

https://www.wilmingtoncapital.ca

Wilmington Capital Management Inc is a Canada based investment and asset management company. Its principal objective is to seek out investment opportunities in the alternative asset classes and in the energy sector through private equity funds, which provide shareholders with capital appreciation over the longer term as opposed to current income returns. The corporation invests its own capital alongside partners and co-investors, in hard assets and private equity funds and manages these assets through operating entities.

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