PAO Group (PAO Group) Long-Term Capital Lease Obligation : $0.00 Mil (As of . 20)

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What is PAO Group Long-Term Capital Lease Obligation?

PAO Group's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was $0.00 Mil.

PAO Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for PAO Group'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.
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PAO Group Long-Term Capital Lease Obligation Chart

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PAO Group Quarterly Data

Long-Term Capital Lease Obligation

PAO Group (OTCPK:PAOG) 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.

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PAO Group (PAO Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » PAO Group Inc (OTCPK:PAOG) » Definitions » Long-Term Capital Lease Obligation

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Address

11424 Frances Street, Suite B, Omaha, NE, USA, 68144

Website

https://www.paogroupinc.com

PAO Group Inc is a United States-based holding company. It seeks to develop, acquire, partner, or participate in, companies and concepts in the development and launch of alternative medicine clinics focused on non-traditional patient care solutions. The range of treatment solutions includes cannabis, acupuncture, chiropractic, biofeedback, and other solutions depending on patient needs. The group primarily operates in the United States of America.