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JNS Holdings (JNS Holdings) Long-Term Capital Lease Obligation : $0.00 Mil (As of . 20)


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What is JNS Holdings Long-Term Capital Lease Obligation?

JNS Holdings's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was $0.00 Mil.


JNS Holdings Long-Term Capital Lease Obligation Historical Data

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

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JNS Holdings  (OTCPK:JNSH) 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.

JNS Holdings Long-Term Capital Lease Obligation Related Terms

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JNS Holdings (JNS Holdings) Business Description

Industry
Traded in Other Exchanges
N/A
Address
830 Seton Court, Unit 1, Wheeling, IL, USA, 60090
JNS Holdings Corp through its subsidiaries operates as an electrical design-build construction services contractor in the United States. The company operates through its subsidiaries specialized in (EV) charging station installations, temperature control installations & all types of specialty electrical work throughout the greater Chicago area. It provides design and installation services, including temperature control installations, fire alarm and life safety installations, power distribution, design-build, commercial constructions, computer and communication cabling, and lighting control installations. The company is an ICC-certified electric charging station installer. It also leases vehicles, trailers, scissor lifts, and construction tools and equipment.

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