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Veea (VEEA) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2024)


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What is Veea Long-Term Capital Lease Obligation?

Veea's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil.

Veea Long-Term Capital Lease Obligation Historical Data

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

Veea Annual Data
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Long-Term Capital Lease Obligation

Veea Quarterly Data
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Veea  (NAS:VEEA) 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.

Veea Long-Term Capital Lease Obligation Related Terms

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Veea Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Veea Inc (NAS:VEEA) » Definitions » Long-Term Capital Lease Obligation
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Address
164 East 83rd Street, New York, NY, USA, 10028
Website
https://www.veea.com
Veea Inc is a company providing edge platform having extensive knowledge and expertise on content delivery and edge computing, and has brought a broad range of Wi-Fi, 4G/5G mobile wireless, and IoT products to market over the past two decades. It has first-in-class VeeaHub smart computing hubs integrate a full range of connectivity options, application processing power, and a full security stack to form an elastic edge computing platform with a dynamic connectivity and application mesh that can easily be deployed and centrally managed from the cloud.