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Marketing Alliance (Marketing Alliance) Long-Term Capital Lease Obligation : $0.00 Mil (As of . 20)


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What is Marketing Alliance Long-Term Capital Lease Obligation?

Marketing Alliance's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was $0.00 Mil.


Marketing Alliance Long-Term Capital Lease Obligation Historical Data

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

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Long-Term Capital Lease Obligation

Marketing Alliance  (OTCPK:MAAL) 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.

Marketing Alliance Long-Term Capital Lease Obligation Related Terms

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Marketing Alliance (Marketing Alliance) Business Description

Traded in Other Exchanges
N/A
Address
111 West Port Plaza, Suite 1010, Saint Louis, MO, USA, 63146
Marketing Alliance Inc is an extensive network of independent agencies. The company's objectives are to maximize its profit and grow its business. It acts as an independent life insurance general agent in the United States. It operates in various lines of business, which include Life Insurance, Annuity, Long-Term Care Insurance, Disability Insurance, and Medicare Supplement. The company derives a majority of its revenue from Insurance commission and fee revenue.

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