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CONX (CONX) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)


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What is CONX Long-Term Capital Lease Obligation?

CONX's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.

CONX Long-Term Capital Lease Obligation Historical Data

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

CONX Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
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CONX Quarterly Data
Aug20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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CONX  (NAS:CONX) 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.

CONX Long-Term Capital Lease Obligation Related Terms

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CONX (CONX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » CONX Corp (NAS:CONX) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
CONXU:USA
Address
5701 South Santa Fe Drive, Littleton, CO, USA, 80120
Website
CONX Corp is a blank check company.
Executives
David K Moskowitz director C/O CONX CORP., 5701 S. SANTA FE DR., LITTLETON CO 80120
Adrian Steckel director 5701 S. SANTA FE DR., LITTLETON CO 80120
Charles W Ergen director, 10 percent owner, officer: Chairman 9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
Gerald Gorman director 5701 S. SANTA FE DR., LITTLETON CO 80120
Nxgen Opportunities, Llc 10 percent owner 5701 S. SANTA FE DR., LITTLETON CO 80120
Kyle Jason Kiser director, officer: CEO, President & Director 5701 S. SANTA FE DR., LITTLETON CO 80120