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Global Special Opportunities Trust (LSE:USPI) Long-Term Capital Lease Obligation : £0.00 Mil (As of Nov. 2010)


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What is Global Special Opportunities Trust Long-Term Capital Lease Obligation?

Global Special Opportunities Trust's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2010 was £0.00 Mil.


Global Special Opportunities Trust Long-Term Capital Lease Obligation Historical Data

The historical data trend for Global Special Opportunities Trust'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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Global Special Opportunities Trust Long-Term Capital Lease Obligation Chart

Global Special Opportunities Trust Annual Data
Trend May04 May05 May06 May07 May08 May09 May10
Long-Term Capital Lease Obligation
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Global Special Opportunities Trust Quarterly Data
Nov03 May04 Nov04 May05 Nov05 May06 Nov06 May07 Nov07 May08 Nov08 May09 Nov09 May10 Nov10
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Global Special Opportunities Trust  (LSE:USPI) 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.

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Global Special Opportunities Trust (LSE:USPI) Business Description

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