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LOKM.U (Live Oak Mobility Acquisition) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2022)


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What is Live Oak Mobility Acquisition Long-Term Capital Lease Obligation?

Live Oak Mobility Acquisition's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.00 Mil.

Live Oak Mobility Acquisition Long-Term Capital Lease Obligation Historical Data

The historical data trend for Live Oak Mobility 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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Live Oak Mobility Acquisition Long-Term Capital Lease Obligation Chart

Live Oak Mobility Acquisition Annual Data
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Live Oak Mobility Acquisition Quarterly Data
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Live Oak Mobility Acquisition  (NYSE:LOKM.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.

Live Oak Mobility Acquisition Long-Term Capital Lease Obligation Related Terms

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Live Oak Mobility Acquisition Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Live Oak Mobility Acquisition Corp (NYSE:LOKM.U) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
40 South Main Street, Suite 2550, Memphis, TN, USA, 38103
Website
https://www.liveoakacq.com
Live Oak Mobility Acquisition Corp is a blank check company.
Executives
Timothy E Lee director 300 RENAISSANCE CENTER, M/C: 482-C25-A36, DETROIT MI 48265-3000
Robert E Ferguson director 300 RENAISSANCE CENTER, M/C: 482-C25-A36, DETROIT MI 48265-3000
John P Amboian director
Wunderlich Gary Kent Jr director, officer: See Remarks CLO B. RILEY FINANCIAL, INC.,, 21255 BURBANK BLVD., SUITE 400, WOODLAND CA 91367
Richard J Hendrix director, officer: Chief Executive Officer 1300 NORTH 17TH STREET, ARLINGTON VA 22209
Adam J Fishman officer: Chief Operating Officer 1300 NORTH SEVENTEENTH STREET, ARLINGTON VA 22209
Live Oak Mobility Sponsor Partners, Llc 10 percent owner 4921 WILLIAM ARNOLD ROAD, MEMPHIS TN 38117