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Crownia Holdings (TSXV:CNH.H) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Mar. 2019)


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What is Crownia Holdings Long-Term Capital Lease Obligation?

Crownia Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2019 was C$0.00 Mil.


Crownia Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Crownia 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.

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Crownia Holdings Long-Term Capital Lease Obligation Chart

Crownia Holdings Annual Data
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Crownia Holdings Quarterly Data
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Crownia Holdings  (TSXV:CNH.H) 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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Crownia Holdings (TSXV:CNH.H) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1075 West Georgia Street, Suite 1980, Vancouver, BC, CAN, V6E 3C9
Crownia Holdings Ltd is a specialty steel company. It is engaged in the business of importing and exporting specialty steels. The company's products include Carbon structure steel, Alloy steel, Mould steel, Spring steel, Bearing steel, and High-speed steel. It sells specialty steel products by virtue of the integration of Chinese strategic steel suppliers and steel customers. The company serves its specialty steel to various industries such as automotive, electronics, oil and gas, aviation and aerospace, construction, pharmaceutical, and machinery and equipment. It has operations in British Virgin Island, Hong Kong, and China.

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