Velogic Holding Co (XMAU:VELG.I0000) Long-Term Capital Lease Obligation : MUR0.00 Mil (As of . 20)

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What is Velogic Holding Co Long-Term Capital Lease Obligation?

Velogic Holding Co's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was MUR0.00 Mil.

Velogic Holding Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Velogic Holding Co'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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Velogic Holding Co Long-Term Capital Lease Obligation Chart

Velogic Holding Co Annual Data

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Velogic Holding Co Semi-Annual Data

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Velogic Holding Co (XMAU:VELG.I0000) 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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Velogic Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Velogic Holding Co Ltd (XMAU:VELG.I0000) » Definitions » Long-Term Capital Lease Obligation

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Address

Freeport Zone 7, Mer Rouge, Port Louis, MUS, 11607

Website

https://www.velogic.net

Velogic Holding Co Ltd offers transport and logistics services. The company operates an end-to-end supply chain for air, The company specializes in freight forwarding, domestic transport, warehousing, container services, cargo handling, stevedoring, and removals. It also provides a comprehensive range of container services for both inbound and outbound flow of goods and materials.

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