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Greenlit Ventures (Greenlit Ventures) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2024)


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What is Greenlit Ventures Long-Term Capital Lease Obligation?

Greenlit Ventures's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.


Greenlit Ventures Long-Term Capital Lease Obligation Historical Data

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

Greenlit Ventures Annual Data
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Long-Term Capital Lease Obligation
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Greenlit Ventures Quarterly Data
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Greenlit Ventures  (OTCPK:GLVT) 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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Greenlit Ventures (Greenlit Ventures) Business Description

Traded in Other Exchanges
N/A
Address
9169 W State Street, No.3147, Garden City, ID, USA, 83714
Website
MS Young Adventure Enterprise Inc is a marketing and management consulting company that provides advisory services to companies located in Asia for the purpose of facilitating the competitiveness of those companies in the international market. The company offers a wide assortment of advisory services, ranging from business planning consulting services, mergers and acquisitions advising, and marketing services.
Executives
Zilin Wang Wang director, 10 percent owner, officer: president,director,10%+ sh 506 ENTERPRISE AVENUE, KITIMAT A1 V8C 2E2
James M Cassidy director, 10 percent owner, officer: president 215 APOLENA AVENUE, NEWPORT BEACH CA 92662
James K Mckillop director, 10 percent owner, officer: vice president 9454 WILSHIRE BOULEVARD, SUITE 612, BEVERLY HILLS CA 90212

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