EQ Labs (EQ Labs) Long-Term Capital Lease Obligation : $0.00 Mil (As of . 20)

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What is EQ Labs Long-Term Capital Lease Obligation?

EQ Labs's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was $0.00 Mil.

EQ Labs Long-Term Capital Lease Obligation Historical Data

The historical data trend for EQ Labs'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.
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EQ Labs Long-Term Capital Lease Obligation Chart

EQ Labs Annual Data

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Long-Term Capital Lease Obligation

EQ Labs Quarterly Data

Long-Term Capital Lease Obligation

EQ Labs (OTCPK:EQLB) 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.

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EQ Labs (EQ Labs) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » EQ Labs Inc (OTCPK:EQLB) » Definitions » Long-Term Capital Lease Obligation

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Address

1016 Baronet Drive, Las Vegas, NV, USA, 89138

Website

https://www.drinklastshotlv.com

EQ Labs Inc manufactures, distributes and sells energy drink products. The company offers the LAST SHOT ready to go 8.4oz Hangover Protection, 3 in 1 Energize, Hydrate, Detox mixable cold beverage and the EQ Energy Tab.