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H.I.G. Acquisition (H.I.G. Acquisition) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2022)


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What is H.I.G. Acquisition Long-Term Capital Lease Obligation?

H.I.G. Acquisition's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2022 was $0.00 Mil.

H.I.G. Acquisition Long-Term Capital Lease Obligation Historical Data

The historical data trend for H.I.G. 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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H.I.G. Acquisition Long-Term Capital Lease Obligation Chart

H.I.G. Acquisition Annual Data
Trend Dec20 Dec21
Long-Term Capital Lease Obligation
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H.I.G. Acquisition Quarterly Data
Aug20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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H.I.G. Acquisition  (NYSE:HIGA) 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.

H.I.G. Acquisition Long-Term Capital Lease Obligation Related Terms

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H.I.G. Acquisition (H.I.G. Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » H.I.G. Acquisition Corp (NYSE:HIGA) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
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Traded in Other Exchanges
N/A
Address
1450 Brickell Avenue, 31st Floor, Miami, FL, USA, 33131
Website
https://www.higacquisitioncorp.com
H.I.G. Acquisition Corp is a blank check company.
Executives
William Mitchell director 50 MARCUS DRIVE, MELVILLE NY 11747
Christopher J Oconnell director MEDTRONIC, INC., 710 MEDTRONIC PKWY, MINNEAPOLIS MN 55432
Sidney Taurel director ELI LILLY AND COMPANY, LILLY CORPORATE CENTER, INDIANAPOLIS IN 46285
Brian D Schwartz director, 10 percent owner, officer: CEO and Director 1450 BRICKELL AVE., 31ST FLOOR, MIAMI FL 33131
Richard Siegel officer: VP and General Counsel 1450 BRICKELL AVENUE, 31ST FLOOR, MIAMI FL 33131
Timur Akazhanov officer: Chief Financial Officer C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
H.i.g. Acquisition Advisors, Llc 10 percent owner 1450 BRICKELL AVENUE, MIAMI FL 33131
Robby B Wolfson director, 10 percent owner, officer: President and Director C/O H.I.G. ACQUISITION, 1450 BRICKELL AVENUE, MIAMI FL 33131
Anreas Beroutsos director C/O H.I.G. ACQUISITION, 1450 BRICKELL AVENUE, MIAMI FL 33131