Gateway Garage Partners LLC (Gateway Garage Partners LLC) Long-Term Capital Lease Obligation : $0.00 Mil (As of . 20)

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What is Gateway Garage Partners LLC Long-Term Capital Lease Obligation?

Gateway Garage Partners LLC's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was $0.00 Mil.

Gateway Garage Partners LLC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gateway Garage Partners LLC'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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Gateway Garage Partners LLC Long-Term Capital Lease Obligation Chart

Gateway Garage Partners LLC Annual Data

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Long-Term Capital Lease Obligation

Gateway Garage Partners LLC Semi-Annual Data

Long-Term Capital Lease Obligation

Gateway Garage Partners LLC (OTCPK:GWYGU) 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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Gateway Garage Partners LLC (Gateway Garage Partners LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Gateway Garage Partners LLC (OTCPK:GWYGU) » Definitions » Long-Term Capital Lease Obligation

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Address

6 West 20th Street, 5th Floor, New York, NY, USA, 10011

Website

Gateway Garage Partners LLC is organized for the sole purpose of acquiring a membership interest in a company that has the sole asset of parking garages.Its revenues are primarily derived from parking rental income.

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