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CCAJ (Coastal Capital Acquisition) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2023)


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What is Coastal Capital Acquisition Long-Term Capital Lease Obligation?

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


Coastal Capital Acquisition Long-Term Capital Lease Obligation Historical Data

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

Coastal Capital Acquisition Annual Data
Trend
Long-Term Capital Lease Obligation

Coastal Capital Acquisition Semi-Annual Data
Sep22 Sep23
Long-Term Capital Lease Obligation - -

Coastal Capital Acquisition  (OTCPK:CCAJ) 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.

Coastal Capital Acquisition Long-Term Capital Lease Obligation Related Terms

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Coastal Capital Acquisition Business Description

Traded in Other Exchanges
N/A
Address
50 North Laura Street, Suite 2500, Jacksonville, FL, USA, 32202
Coastal Capital Acquisition Corp is now a Builder engaged in the construction of single-family houses and other buildings for sale on its account rather than as contractors, including renovations. Its secondary business engagement is an Office of Holding companies, primarily engaging in holding the equity interest in (or securities) companies and enterprises to own a controlling interest or influence the management decisions of these firms.
Executives
Mark A Lewis director 200 PRESEVE ST., BOZEMAN MT 59718
Midwest Merger Management Llc 10 percent owner

Coastal Capital Acquisition Headlines

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