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Maiden Lane Jewelry (Maiden Lane Jewelry) Long-Term Capital Lease Obligation : $0.00 Mil (As of Nov. 2015)


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What is Maiden Lane Jewelry Long-Term Capital Lease Obligation?

Maiden Lane Jewelry's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2015 was $0.00 Mil.


Maiden Lane Jewelry Long-Term Capital Lease Obligation Historical Data

The historical data trend for Maiden Lane Jewelry'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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Maiden Lane Jewelry Long-Term Capital Lease Obligation Chart

Maiden Lane Jewelry Annual Data
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Long-Term Capital Lease Obligation
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Maiden Lane Jewelry Quarterly Data
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Maiden Lane Jewelry  (OTCPK:MDNL) 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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Maiden Lane Jewelry (Maiden Lane Jewelry) Business Description

Traded in Other Exchanges
N/A
Address
64 West 48th Street, Suite 1107, New York, NY, USA, 10036
Maiden Lane Jewelry Ltd is engaged in producing engagement rings and other diamond jewelry to retailers across the United States. The company's significant feature consists of ASPIRI collection of bridal engagement rings which includes both a center diamond and setting. In addition, it is also a wholesaler and manufacturer of jewelry which includes pendants, bracelets, and earrings. The company's primary sales contain complete engagement rings with a focus on bridal jewelry featuring uniquely cut stones and settings.
Executives
Michael I Wirth officer: CEO 1301 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10019

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