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Boanerges (NEXX:BNRG) Long-Term Capital Lease Obligation : £0.00 Mil (As of . 20)


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What is Boanerges Long-Term Capital Lease Obligation?

Boanerges's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was £0.00 Mil.


Boanerges Long-Term Capital Lease Obligation Historical Data

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

Boanerges Annual Data
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Long-Term Capital Lease Obligation

Boanerges Semi-Annual Data
Long-Term Capital Lease Obligation

Boanerges  (NEXX:BNRG) 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.

Boanerges Long-Term Capital Lease Obligation Related Terms

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Boanerges (NEXX:BNRG) Business Description

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Traded in Other Exchanges
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Address
C/O CCS Trustees Limited, Mandar House, 3rd Floor, Johnson’s Ghut, Tortola, VGB
Boanerges Ltd operates as a SPAC to identify investment opportunities and acquisitions in small and medium sized enterprises within the technology sector. The company's focus will be searching for companies which are based in the UK or Europe where there may be a number of opportunities to acquire interests in undervalued or pre-commercialisation technologies, or current commercialisation technologies, which when applied, produce cost saving or revenue enhancement for customers.