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


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What is Vanjia Long-Term Capital Lease Obligation?

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


Vanjia Long-Term Capital Lease Obligation Historical Data

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

Vanjia Annual Data
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Long-Term Capital Lease Obligation
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Vanjia Quarterly Data
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Vanjia  (OTCPK:VNJA) 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.

Vanjia Long-Term Capital Lease Obligation Related Terms

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Vanjia Business Description

Traded in Other Exchanges
N/A
Address
4771 Sweetwater Boulevard, Suite 199, Sugar Land, TX, USA, 77479
Website
Vanjia Corp is a development stage company. The company is focused on building affordable homes in Houston, Texas. Its aim is to build affordable housing in the city of Houston's designated HOPE and Workforce neighborhoods. Its future homes will have a variety of floor plans, be energy efficient, and be conveniently located. The company has already acquired a vacant lot in the Workforce neighborhoods. By providing affordable housing options, its future homes will enrich the communities of Houston and revitalize the local economy.

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