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

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What is MGO Global Long-Term Capital Lease Obligation?

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

MGO Global Long-Term Capital Lease Obligation Historical Data

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

MGO Global Annual Data

Trend

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Long-Term Capital Lease Obligation

MGO Global Quarterly Data
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MGO Global (NAS:MGOL) 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.

MGO Global Long-Term Capital Lease Obligation Related Terms

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MGO Global (MGO Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » MGO Global Inc (NAS:MGOL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1515 SE 17th Street,, Suite 121/ No 460596, Fort Lauderdale, FL, USA, 33346

Website

https://www.mgoglobalinc.com

MGO Global Inc provides branding and marketing services to help clients build positive perceptions about their businesses. The company has one reportable segment which sells a range of products under the soccer legend Lionel (Leo) Messi brand Messi Brand.

Executives

Nicole M. Fernandez-mcgovern	director	C/O AGEAGLE AERIAL SYSTEMS INC., 8863 E. 34TH STREET NORTH, WICHITA KS 67226
Paul Wahlgren	director	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Obie Mckenzie	director	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Salima Popatia	director	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Vincent Ottomanelli	officer: CHIEF FINANCIAL OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Martin P Scott	officer: CHIEF FINANCIAL OFFICER	SIMPLEPONS, INC., C/O 220 CONGRESS PARK DRIVE, SUITE 304, DELRAY BEACH FL 33445
Maximiliano Ojeda	director, officer: CHIEF EXECUTIVE OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Virginia Hilfiger	director, officer: CHIEF DESIGN OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Julian Groves	director, officer: CHIEF OPERATING OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Matthew Harward	officer: CHIEF MARKETING OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346