Concentration of Credit Risk and Major Customers

12 Months Ended

Dec. 31, 2019

Concentration of Credit Risk and Major Customers [Abstract]

Concentration of Credit Risk and Major Customers

3.     Concentration of credit risk and major customers:

The Company leases equipment to lessees in diversified industries. Leases are subject to AFS’s credit committee review. The leases provide for the return of the equipment to the Company upon default.

As of December 31, 2019, and 2018, concentrations (greater than or equal to 10% as a percentage of total equipment cost) of equipment leased to lessees in certain industries were as follows:

	Percentage of Total
Industry	Equipment Cost
	2019		2018
Transportation	38	%	35	%
Wholesale	42	%	34	%

During 2019 and 2018, certain lessees generated significant portions (defined as greater than or equal to 10%) of the Company’s total leasing revenues, excluding gains or losses on disposition of assets, as follows:

		Percentage of Total Lease Revenues
Lessee	Type of Equipment	2019		2018
MRXX-Interstate Commodities	Transportation, rail	20	%	16	%
Aircraft Service International	Aviation	16	%	12	%
Interstate Commodities	Transportation, rail	*		15	%
Wal-Mart Transportation, LLC	Transportation, other	*		10	%
*Less than 10%