Sandston (Sandston) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2022)

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What is Sandston Long-Term Capital Lease Obligation?

Sandston's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was $0.00 Mil.

Sandston Long-Term Capital Lease Obligation Historical Data

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

Sandston Annual Data

Trend

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Long-Term Capital Lease Obligation

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Sandston Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Sandston (OTCPK:SDON) 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.

Sandston Long-Term Capital Lease Obligation Related Terms

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Sandston (Sandston) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Sandston Corp (OTCPK:SDON) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1496 Business Park Drive, Suite A, Traverse City, MI, USA, 49868

Website

Sandston Corp is a shell company.

Executives

Richard Anthony Walawender	director, officer: Secretary	150 W. JEFFERSON, SUITE 2500, DETROIT MI 48226
Daniel J Dorman	director, 10 percent owner, officer: President and CEO
Lawrence J Defiore	director
Dennis A Sierk	officer: VP-Pdct Mgmt & Pres-Optim.	5840 INTERFACE DRIVE, ANN ARBOR AL 48103
Hugo Braun	director	206 SOUTH FIFTH AVENUE, ANN ARBOR MI 48104
Nematron Corp	director	40950 WOODWARD AVENUE, SUITE 304, BLOOMFIELD HILLS MI 48034

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