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Mountain Crest Acquisition (Mountain Crest Acquisition) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2020)


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What is Mountain Crest Acquisition Long-Term Capital Lease Obligation?

Mountain Crest Acquisition's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2020 was $0.00 Mil.

Mountain Crest Acquisition Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mountain Crest Acquisition'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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Mountain Crest Acquisition Long-Term Capital Lease Obligation Chart

Mountain Crest Acquisition Annual Data
Trend Dec19
Long-Term Capital Lease Obligation
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Mountain Crest Acquisition Quarterly Data
Mar20 Jun20 Sep20
Long-Term Capital Lease Obligation - - -

Mountain Crest Acquisition  (NAS:MCACU) 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.

Mountain Crest Acquisition Long-Term Capital Lease Obligation Related Terms

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Mountain Crest Acquisition (Mountain Crest Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Mountain Crest Acquisition Corp (NAS:MCACU) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
Traded in Other Exchanges
N/A
Address
311 West 43rd Street, 12th Floor, New York, NY, USA, 10036
Website
https://www.mcacquisition.com
Mountain Crest Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Executives
Suying Liu director, 10 percent owner, officer: Chief Executive Officer 311 WEST 43RD STREET, 12TH FLOOR, NEW YORK NY 10036
Sunlight Global Investment Llc 10 percent owner 311 WEST 43RD STREET, 12TH FLOOR, NEW YORK NY 10036
Dong Liu director, 10 percent owner, officer: Chief Financial Officer 311 WEST 43RD STREET, 12TH FLOOR, NEW YORK NY 10036
Nelson Haight director 4400 POST OAK PARKWAY, SUITE 1900, HOUSTON TX 77027
Todd T. Milbourn director C/O OPPENHEIMER & CO., INC., 85 BROAD STREET, 24TH FLOOR, NEW YORK NY 10004
Wenhua Zhang director 311 WEST 43RD STREET, 12TH FLOOR, NEW YORK NY 10036