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Provident Acquisition (Provident Acquisition) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2022)


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What is Provident Acquisition Long-Term Capital Lease Obligation?

Provident Acquisition's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2022 was $0.00 Mil.

Provident Acquisition Long-Term Capital Lease Obligation Historical Data

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

Provident Acquisition Annual Data
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Long-Term Capital Lease Obligation
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Provident Acquisition Quarterly Data
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Provident Acquisition  (NAS:PAQC) 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.

Provident Acquisition Long-Term Capital Lease Obligation Related Terms

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Provident Acquisition (Provident Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Provident Acquisition Corp (NAS:PAQC) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
BLTS ARBG NOAC ASPC PTIC BHAC SCUA VII FVT BOAS GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
142 - 146 Queen’s Road Central, Unit 11C/D, Kimley Commercial Building, Hong Kong, HKG
Website
Provident Acquisition Corp is a blank check company.
Executives
Kenneth W Hitchner director C/O SAPPHIRE QI LI, ONE EXCHANGE SQUARE, 8 CONNAUGHT PLACE SUITE 3508, CENTRAL K3 00000
Andrew Joseph Hoffmann director UNIT 11C/D, KIMLEY COMMERCIAL BUILDING, 142-146 QUEEN'S ROAD CENTRAL, HONG KONG K3 00000
Winato Kartono director UNIT 11C/D, KIMLEY COMMERCIAL BUILDING, 142-146 QUEEN'S ROAD CENTRAL, HONG KONG K3 00000
Beng Michael Aw Soon director UNIT 11C/D, KIMLEY COMMERCIAL BUILDING, 142-146 QUEEN'S ROAD CENTRAL, HONG KONG K3 00000
Williamson John Mackay Mcculloch director UNIT 11C/D, KIMLEY COMMERCIAL BUILDING, 142-146 QUEEN'S ROAD CENTRAL, HONG KONG K3 00000
Charles Mark Broadley director UNIT 11C/D, KIMLEY COMMERCIAL BUILDING, 142-146 QUEEN'S ROAD CENTRAL, HONG KONG K3 00000
Provident Acquisition Holdings Ltd. director, 10 percent owner UNIT 11C/D, KIMLEY COMMERCIAL BUILDING, 142-146 QUEEN'S ROAD CENTRAL, HONG KONG K3 00000