Medies (Medies) Long-Term Capital Lease Obligation : $0.00 Mil (As of Nov. 2023)

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What is Medies Long-Term Capital Lease Obligation?

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

Medies Long-Term Capital Lease Obligation Historical Data

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

Medies Annual Data

Trend

Feb22

Feb23

Long-Term Capital Lease Obligation

Medies Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
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Medies (OTCPK:MEDE) 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.

Medies Long-Term Capital Lease Obligation Related Terms

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Medies (Medies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Medies (OTCPK:MEDE) » Definitions » Long-Term Capital Lease Obligation

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Address

4 Fall Park Court, Leeds, West Yorkshire, GBR, LS13 2LP

Website

Medies provide a novel type of service within the scope of the online streaming industry and the metaverse network. Via motion and still, pictures digital database, meta movement, aims to connect creative artists and dancers, through the development of visual experience—specifically through metaverse technology.

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