Poseidon Concepts (TSX:PSN) Long-Term Capital Lease Obligation : C$0.0 Mil (As of Sep. 2012)

View and export this data going back to 2011. Start your Free Trial

What is Poseidon Concepts Long-Term Capital Lease Obligation?

Poseidon Concepts's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2012 was C$0.0 Mil.

Poseidon Concepts Long-Term Capital Lease Obligation Historical Data

The historical data trend for Poseidon Concepts'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.

* Premium members only.

Poseidon Concepts Long-Term Capital Lease Obligation Chart

Poseidon Concepts Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

Poseidon Concepts Quarterly Data
	Dec06	Dec07	Dec08	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										-	-	-	-	-

Poseidon Concepts (TSX:PSN) 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.

Poseidon Concepts Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Poseidon Concepts's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.