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Holobeam (Holobeam) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2006)


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What is Holobeam Long-Term Capital Lease Obligation?

Holobeam's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2006 was $0.00 Mil.


Holobeam Long-Term Capital Lease Obligation Historical Data

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

Holobeam Annual Data
Trend Sep97 Sep98 Sep99 Sep00 Sep01 Sep02 Sep03 Sep04 Sep05 Sep06
Long-Term Capital Lease Obligation
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Holobeam Quarterly Data
Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06
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Holobeam  (OTCPK:HOOB) 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.

Holobeam Long-Term Capital Lease Obligation Related Terms

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Holobeam (Holobeam) Business Description

Industry
Traded in Other Exchanges
N/A
Address
217 First Street, P.O. Box 287, Ho-Ho-Kus, NJ, USA, 07423-0287
Website
Holobeam Inc is a United States based company engaged in the rental and development of real estate properties in New Jersey.

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