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IBAC (IB Acquisition) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2024)


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What is IB Acquisition Long-Term Capital Lease Obligation?

IB Acquisition's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.00 Mil.

IB Acquisition Long-Term Capital Lease Obligation Historical Data

The historical data trend for IB 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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IB Acquisition Long-Term Capital Lease Obligation Chart

IB Acquisition Annual Data
Trend Sep22 Sep23
Long-Term Capital Lease Obligation
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IB Acquisition Quarterly Data
Sep22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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IB Acquisition  (NAS:IBAC) 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.

IB Acquisition Long-Term Capital Lease Obligation Related Terms

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IB Acquisition Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » IB Acquisition Corp (NAS:IBAC) » Definitions » Long-Term Capital Lease Obligation
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2500 N Military Trail, Suite 160-A, Boca Raton, FL, USA, 33431
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IB Acquisition Corp is a blank check company.