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Vivic (VIVC) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2024)


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What is Vivic Long-Term Capital Lease Obligation?

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

Vivic's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.42 Mil) to Dec. 2022 ($0.28 Mil) and declined from Dec. 2022 ($0.28 Mil) to Dec. 2023 ($0.00 Mil).

Vivic Long-Term Capital Lease Obligation Historical Data

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

Vivic Annual Data
Trend Apr17 Apr18 Apr19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial - - 0.42 0.28 -

Vivic Quarterly Data
Jan19 Apr19 Jul19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.28 - - - -

Vivic  (OTCPK:VIVC) 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.

Vivic Long-Term Capital Lease Obligation Related Terms

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Vivic (VIVC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vivic Corp (OTCPK:VIVC) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
187 E. Warm Spring Road, PMB No. B450, Las Vegas, NV, USA, 89119
Website
http://www.vivic.biz
Vivic Corp is engaged in the research and development of yacht manufacturing using new energy-saving technology. The company also working on the operation of a new type of marine tourism.
Executives
Cheng-hsing Hsu director, officer: CFO NO. 97, YUNONG 3 ST.,, EASTERN DIST., TAINAN F5 701
Cheng-lung Soong director, officer: Secretary 10F, NO. 59, LN. 112, JIHU RD.,, ZHONGSHAN DIST., TAIPEI F5 104
Huilan Chen director 1091 RISING MOON TRAIL, SNELLVILLE GA 30078
Go Right Holdings Ltd. 10 percent owner NO. 7, ALY. 1, LN. 143 SEC. 2 LIN-AN RD., NORTH DIST., TAINAN F5 704
Kung Hwang Liu Shiang director NO. 7, ALY. 1, LN. 143 SEC. 2 LIN-AN RD., NORTH DIST., TAINAN F5 704
Honetech Inc. 10 percent owner NO. 196, FUSHOU ST., XINZHUANG DIST., NEW TAIPEI F5 242
Yun-kuang Kung officer: CEO NO. 12-1, XIAOXIMEN, NEIGHBORHOOD 14M, ZHUSHA VILLAGE, JINCHENG TOWNSHIP, KINMEN F5 893
Kuen-horng Tsai director, officer: Supervisor 3F, NO. 66, LN. 133, DONGFENG RD.,, NORTH DIST., TAINAN F5 704
Wen-chi Huang director, officer: President 2F., NO. 217, SEC. 2, TAIHU RD.,, JINHU TOWNSHIP, KINMEN F5 891