QRS Music Technologies (QRS Music Technologies) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2007)

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What is QRS Music Technologies Long-Term Capital Lease Obligation?

QRS Music Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2007 was $0.00 Mil.

QRS Music Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for QRS Music Technologies'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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QRS Music Technologies Long-Term Capital Lease Obligation Chart

QRS Music Technologies Annual Data

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Long-Term Capital Lease Obligation

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QRS Music Technologies Quarterly Data
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QRS Music Technologies (OTCPK:QRSM) 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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QRS Music Technologies (QRS Music Technologies) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » QRS Music Technologies Inc (OTCPK:QRSM) » Definitions » Long-Term Capital Lease Obligation

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Address

269 Quaker Drive, Seneca, PA, USA, 16346

Website

https://www.qrsmusic.com

QRS Music Technologies Inc manufactures and distributes pianos, pianomation units and compact discs and music rolls for use in player pianos. The firm has a presence in Buffalo, New York and Seneca, Pennsylvania within the United States and internationally in Belmain NSW, Australia. It also operates a sales and procurement office in Hong Kong, China.

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