Miivo Holdings (TSXV:MIVO) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Aug. 2024)

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What is Miivo Holdings Long-Term Capital Lease Obligation?

Miivo Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2024 was C$0.00 Mil.

Miivo Holdings Long-Term Capital Lease Obligation Historical Data

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

Miivo Holdings Annual Data

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Long-Term Capital Lease Obligation

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Miivo Holdings Quarterly Data
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Miivo Holdings (TSXV:MIVO) 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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Miivo Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Miivo Holdings Corp (TSXV:MIVO) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

2110 – 650 West Georgia Street, Vancouver, BC, CAN, V6B 4N8

Website

Miivo Holdings Corp formerly, Esstra Industries Inc is a Canada-based company engaged in the business of managing a portfolio of investments. Principally, it is involved in the investment sector. The company's operations include investment in marketable securities, real estate ventures, real estate developments, and providing consulting and office services.

Executives

Glenn Olnick	10% Security Holder
Wynne Olnick	10% Security Holder

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