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Banyan Acquisition (Banyan Acquisition) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2023)


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What is Banyan Acquisition Long-Term Capital Lease Obligation?

Banyan Acquisition's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil.

Banyan Acquisition Long-Term Capital Lease Obligation Historical Data

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

Banyan Acquisition Annual Data
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Long-Term Capital Lease Obligation
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Banyan Acquisition Quarterly Data
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Banyan Acquisition  (NYSE:BYN) 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.

Banyan Acquisition Long-Term Capital Lease Obligation Related Terms

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Banyan Acquisition (Banyan Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Banyan Acquisition Corp (NYSE:BYN) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
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Traded in Other Exchanges
N/A
Address
400 Skokie Boulevard, Suite 820, Northbrook, IL, USA, 60062
Website
https://www.banyanacquisition.com
Banyan Acquisition Corp is a blank check company.
Executives
Bruce S. Lubin director 5217 RFD BRIARCREST, LONG GROVE IL 60047
Keith Jaffee director, officer: Chief Executive Officer 400 SKOKIE BLVD STE 820, NORTHBROOK IL 60062
Jerry Hyman director, officer: Chairman 400 SKOKIE BLVD STE 820, NORTHBROOK IL 60062
Banyan Acquisition Sponsor Llc director, other: Director by Deputization 400 SKOKIE BLVD STE 820, NORTHBROOK IL 60062
George Courtot officer: Chief Financial Officer 400 SKOKIE BLVD STE 820, NORTHBROOK IL 60062
Otis Carter director 400 SKOKIE BLVD STE 820, NORTHBROOK IL 60062
Peter Cameron director 470 ATLANTIC AVE, 4TH FLOOR, C/O ACUITY MANAGEMENT, INC., BOSTON MA 02210