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Lever Global (Lever Global) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2024)


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What is Lever Global Long-Term Capital Lease Obligation?

Lever Global's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.

Lever Global Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lever Global'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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Lever Global Long-Term Capital Lease Obligation Chart

Lever Global Annual Data
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Lever Global Quarterly Data
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Lever Global  (OTCPK:LVER) 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.

Lever Global Long-Term Capital Lease Obligation Related Terms

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Lever Global (Lever Global) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Lever Global Corp (OTCPK:LVER) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
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Address
Level 11, 9255 West Sunset Boulevard, West Hollywood, CA, USA, 90069
Website
Lever Global Corp is a fintech-driven consumer liabilities and debt management company. Its App allows the subscribers to analyze their existing student loans and recommend programs the US Department of Education offers after the initial assessment and processes enrolments into these programs. The App provides a list of qualified federal programs. The subscribers can digitally enroll in these programs by uploading or self-declaring their W-2, wage, or tax statements through the App.