African Gold Acquisition (African Gold Acquisition) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2022)

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What is African Gold Acquisition Long-Term Capital Lease Obligation?

African Gold Acquisition's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2022 was $0.00 Mil.

African Gold Acquisition Long-Term Capital Lease Obligation Historical Data

The historical data trend for African Gold 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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African Gold Acquisition Long-Term Capital Lease Obligation Chart

African Gold Acquisition Annual Data

Trend

Dec20

Dec21

Long-Term Capital Lease Obligation

African Gold Acquisition Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
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African Gold Acquisition (OTCPK:AGAUF) 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.

African Gold Acquisition Long-Term Capital Lease Obligation Related Terms

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African Gold Acquisition (African Gold Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » African Gold Acquisition Corp (OTCPK:AGAUF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

322 West 52nd Street, Suite 2322, New York, NY, USA, 10019-9998

Website

https://www.africangoldcorp.com

African Gold Acquisition Corp is a blank check company.

Executives

Zolani Kgosietsile Matthews	director	322 WEST 52ND STREET, #2322, NEW YORK NY 10019
Robert B Hersov	director	NETJETS EUROPE, LTD., GRUNDSTRASSE 12, ROTKREUZ V8 6343
Izak Marais	officer: Chief Operating Officer	322 WEST 52ND STREET UNIT 2322, NEW YORK NY 10019
Michael Rawlinson	director	322 WEST 52ND STREET, #2322, NEW YORK NY 10019
Bradley Doig	director	322 WEST 52ND STREET, #2322, NEW YORK NY 10019
Koosum Kalyan	director	322 WEST 52ND STREET, #2322, NEW YORK NY 10019
African Gold Acquisition Sponsor Llc	10 percent owner	322 WEST 52ND STREET, 2322, NEW YORK NY 10019
Morgenthau Cooper	director, officer: Chief Financial Officer	322 WEST 52ND STREET, #2322, NEW YORK NY 10019-9998
Christopher Damon Chadwick	director, officer: Chief Executive Officer	322 WEST 52ND STREET, #2322, NEW YORK NY 10019
Brian Hinchcliffe	director	277 PARK AVENUE 29TH FLOOR, SUITE B, NEW YORK NY 10172

African Gold Acquisition (African Gold Acquisition) Headlines

From GuruFocus

African Gold Acquisition Corporation Makes Major Announcements

By PurpleRose PurpleRose • 08-26-2022