Admiral Acquisition (LSE:ADMR) Long-Term Capital Lease Obligation : $0.00 Mil (As of Nov. 2023)

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What is Admiral Acquisition Long-Term Capital Lease Obligation?

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

Admiral Acquisition Long-Term Capital Lease Obligation Historical Data

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

Admiral Acquisition Annual Data

Trend

Nov23

Long-Term Capital Lease Obligation

Admiral Acquisition Semi-Annual Data
	May23	Nov23
Long-Term Capital Lease Obligation	-	-

Admiral Acquisition (LSE:ADMR) 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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Admiral Acquisition (LSE:ADMR) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Admiral Acquisition Ltd (LSE:ADMR) » Definitions » Long-Term Capital Lease Obligation

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ADMNF:USA

Address

Wickhams Cay II, Ritter House, Road Town, Tortola, VGB, VG1110

Website

https://www.admiralacquisition.com

Admiral Acquisition Ltd is a blank check company.

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