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Vado (VADP) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2023)


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What is Vado Long-Term Capital Lease Obligation?

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

Vado Long-Term Capital Lease Obligation Historical Data

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

Vado Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21
Long-Term Capital Lease Obligation
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Vado Quarterly Data
Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Mar23 Jun23 Sep23
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Vado  (OTCPK:VADP) 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.

Vado Long-Term Capital Lease Obligation Related Terms

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Vado (VADP) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Vado Corp (OTCPK:VADP) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
4001 South 700 East, Suite 500, Salt Lake City, UT, USA, 84107
Website
https://www.vadocorphq.com
Vado Corp is a development stage company seeking new business opportunities in the United States and abroad.