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G Squared Ascend I (G Squared Ascend I) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2022)


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What is G Squared Ascend I Long-Term Capital Lease Obligation?

G Squared Ascend I's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.00 Mil.


G Squared Ascend I Long-Term Capital Lease Obligation Historical Data

The historical data trend for G Squared Ascend I'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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G Squared Ascend I Long-Term Capital Lease Obligation Chart

G Squared Ascend I Annual Data
Trend Dec20 Dec21
Long-Term Capital Lease Obligation
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G Squared Ascend I Quarterly Data
Nov20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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G Squared Ascend I  (NYSE:GSQD.U) 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.

G Squared Ascend I Long-Term Capital Lease Obligation Related Terms

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G Squared Ascend I (G Squared Ascend I) Business Description

Traded in Other Exchanges
N/A
Address
205 N Michigan Avenue, Suite 3770, Chicago, IL, USA, 60601
G Squared Ascend I Inc is a blank check company.
Executives
Lauri M Shanahan director C/O THE GAP, INC., TWO FOLSOM STREET, SAN FRANCISCO CA 94105-1205
Thomas R Evans director 11760 US HIGHWAY ONE, SUITE 200, NORTH PALM BEACH FL 33408
Larry Lee Aschebrook director, 10 percent owner, officer: Chairman of the Board 205 N. MICHIGAN AVE., SUITE 3770, CHICAGO IL 60601
G Squared Ascend Management I Llc 10 percent owner 205 N MICHIGAN AVENUE, SUITE 3770, CHICAGO IL 60601
Thomas Hoban 10 percent owner, officer: Chief Financial Officer C/O G SQUARED ASCENT MANAGEMENT I LLC, 205 N. MICHIGAN AVENUE SUITE 3770, CHICAGO IL 60601
Edward Iii Davis director, 10 percent owner, officer: Chief Executive Officer C/O G SQUARED ASCENT MANAGEMENT I LLC, 205 N MICHIGAN AVENUE SUITE 3770, CHICAGO IL 60601
Heather L. Hasson director C/O G SQUARED ASCEND MANAGEMENT I, LLC, 205 N MICHIGAN AVENUE SUITE 3770, CHICAGO IL 60601