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


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What is Velocity Acquisition Long-Term Capital Lease Obligation?

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

Velocity Acquisition Long-Term Capital Lease Obligation Historical Data

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

Velocity Acquisition Annual Data
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Long-Term Capital Lease Obligation
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Velocity Acquisition Quarterly Data
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Velocity Acquisition  (NAS:VELO) 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.

Velocity Acquisition Long-Term Capital Lease Obligation Related Terms

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Velocity Acquisition (Velocity Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Velocity Acquisition Corp (NAS:VELO) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
109 Old Branchville Road, Ridgefield, CT, USA, 06877
Website
https://www.velocityacq.co
Velocity Acquisition Corp is a blank check company.
Executives
Nicolas Brien officer: Chief Strategy Officer C/O CBS OUTDOOR AMERICAS INC., 405 LEXINGTON AVENUE, NEW YORK NY 10174
Ramin Arani director C/O LIVEXLIVE MEDIA, INC, 920 SUNSET BOULEVARD, SUITE #1201, WEST HOLLYWOOD CA 90069
Garrett Schreiber officer: Chief Financial Officer 3 MINETTA STREET, NEW YORK NY 10012
Sanjay Chadda director 3 MINETTA STREET, NEW YORK NY 10012
Michael Lastoria director C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Steve Kassin director C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Adrian Covey director, officer: Chief Executive Officer C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Velocity Sponsor Llc 10 percent owner C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Carla Hendra director C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Judge Graham officer: Chief Digital Officer C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Velocity Sponsor Manager Llc 10 percent owner C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877