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Multi Solutions II (Multi Solutions II) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jan. 2024)


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What is Multi Solutions II Long-Term Capital Lease Obligation?

Multi Solutions II's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.00 Mil.


Multi Solutions II Long-Term Capital Lease Obligation Historical Data

The historical data trend for Multi Solutions II'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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Multi Solutions II Long-Term Capital Lease Obligation Chart

Multi Solutions II Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Long-Term Capital Lease Obligation
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Multi Solutions II Quarterly Data
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Multi Solutions II  (OTCPK:MUSS) 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.

Multi Solutions II Long-Term Capital Lease Obligation Related Terms

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Multi Solutions II (Multi Solutions II) Business Description

Traded in Other Exchanges
N/A
Address
4400 Biscayne Boulevard, 10th Floor, Miami, FL, USA, 33137
Website
Multi Solutions II Inc is a blank check company.
Executives
Vector Group Ltd 10 percent owner 4400 BISCAYNE BOULEVARD, 10TH FLOOR, MIAMI FL 33137
Robert L Frome director, 10 percent owner 3220 TILLMAN DRIVE SUITE 300, BENSALEM PA 19020
Kirkland J Bryant Iii director, officer: President and CEO 4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Robert M Lundgren director C/O CDSI HOLDINGS INC, 100 SE SECOND ST 32ND FL, MIAMI FL 33131
Deborah A Fasanelli officer: Secretary, Treasurer and CFO 100 SE 2ND STREET, 32ND FLOOR, MIAMI FL 33131
Michael Potter 10 percent owner 500 FIFTH AVENUE, SUITE 2240, NEW YORK NY 10110

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