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GigCapital4 (GigCapital4) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2020)


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What is GigCapital4 Long-Term Capital Lease Obligation?

GigCapital4's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2020 was $0.00 Mil.


GigCapital4 Long-Term Capital Lease Obligation Historical Data

The historical data trend for GigCapital4'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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GigCapital4 Long-Term Capital Lease Obligation Chart

GigCapital4 Annual Data
Trend Dec20
Long-Term Capital Lease Obligation
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GigCapital4 Quarterly Data
Dec20
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GigCapital4  (NAS:GIG) 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.

GigCapital4 Long-Term Capital Lease Obligation Related Terms

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GigCapital4 (GigCapital4) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
1731 Embarcadero Road, Suite 200, Palo Alto, CA, USA, 94303
GigCapital4 Inc is a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses.

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