Emtec (ETEC) Long-Term Capital Lease Obligation : $0.0 Mil (As of Feb. 2013)

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What is Emtec Long-Term Capital Lease Obligation?

Emtec's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2013 was $0.0 Mil.

Emtec's quarterly Long-Term Capital Lease Obligation declined from Aug. 2012 ($0.2 Mil) to Nov. 2012 ($0.0 Mil) but then stayed the same from Nov. 2012 ($0.0 Mil) to Feb. 2013 ($0.0 Mil).

Emtec's annual Long-Term Capital Lease Obligation increased from Aug. 2010 ($0.0 Mil) to Aug. 2011 ($0.2 Mil) but then stayed the same from Aug. 2011 ($0.2 Mil) to Aug. 2012 ($0.2 Mil).

Emtec Long-Term Capital Lease Obligation Historical Data

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

Emtec Annual Data

Trend

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Long-Term Capital Lease Obligation

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0.19

Emtec Quarterly Data
	May08	Aug08	Nov08	Feb09	May09	Aug09	Nov09	Feb10	May10	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.19	0.19	0.19	0.03	0.03

Emtec (OTCPK:ETEC) 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.

Emtec Long-Term Capital Lease Obligation Related Terms

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Emtec (ETEC) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Emtec Inc (OTCPK:ETEC) » Definitions » Long-Term Capital Lease Obligation

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Address

150 North Radnor Chester Road, Suite F200, Radnor, PA, USA, 19087

Website

http://www.emtecinc.com

Emtec Inc is an information technology consultant. It provides consulting, application services and infrastructure services to commercial and public sector clients. The company offers advisory services in the areas of profitability and cost management, project management, and organizational change management, as well as cloud technologies preparation services.

Executives

Gregory L Cowan	director	1717 ARCH STREET, 35TH FLOOR, PHILADELPHIA PA 19103
Gregory P Chandler	director, 10 percent owner, officer: CFO	309 FELLOWSHIP ROAD, SUITE 210, MT. LAUREL NJ 08054

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