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MVES (The Movie Studio) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2023)


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What is The Movie Studio Long-Term Capital Lease Obligation?

The Movie Studio's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil.


The Movie Studio Long-Term Capital Lease Obligation Historical Data

The historical data trend for The Movie Studio'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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The Movie Studio Long-Term Capital Lease Obligation Chart

The Movie Studio Annual Data
Trend Oct09 Oct10 Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Jun22 Jun23
Long-Term Capital Lease Obligation
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The Movie Studio Semi-Annual Data
Oct00 Oct01 Oct02 Oct03 Oct04 Oct05 Oct06 Oct07 Oct08 Oct09 Oct10 Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Jun22 Jun23
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The Movie Studio  (OTCPK:MVES) 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.

The Movie Studio Long-Term Capital Lease Obligation Related Terms

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The Movie Studio Business Description

Traded in Other Exchanges
N/A
Address
110 Tower S.E. 6th Street, Suite 1700, Fort Lauderdale, FL, USA, 33301
The Movie Studio Inc is a vertically integrated media and motion picture production and distribution company. The company is the premier full production movie studio in Miami, Florida area. It develops, manufactures and distributes independent motion picture content for the global audience on a multitude of devices. The company distributes its films through its subsidiary and network of theaters.
Executives
Gordon Scott Venters director, 10 percent owner, officer: President
Todd W Nugent director 23190 COCONUT SHORES DRIVE, BONITA SPRINGS FL 34134
Harold K Terry 10 percent owner

The Movie Studio Headlines

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