Cornerstone Financial (Cornerstone Financial) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2012)

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

What is Cornerstone Financial Long-Term Capital Lease Obligation?

Cornerstone Financial's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2012 was $0.00 Mil.

Cornerstone Financial Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cornerstone Financial'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.

Cornerstone Financial Long-Term Capital Lease Obligation Chart

Cornerstone Financial Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

Cornerstone Financial Quarterly Data
	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Cornerstone Financial (OTCPK:CFIC) 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.

Cornerstone Financial Long-Term Capital Lease Obligation Related Terms

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

Cornerstone Financial (Cornerstone Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Cornerstone Financial Corp (OTCPK:CFIC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

6000 Midlantic Drive, Suite 120S, Mount Laurel, NJ, USA, 08054

Website

http://www.cornerstonebanknj.com

Cornerstone Financial Corp provides a range of lending, deposit, and financial products. It emphasizes commercial real estate and commercial lending to small businesses and professionals. It offers savings, business lending, mobile banking, online banking, and other services.

Cornerstone Financial (Cornerstone Financial) Headlines

No Headlines