Stonepath Group (Stonepath Group) Long-Term Capital Lease Obligation : $0.0 Mil (As of Sep. 2006)

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What is Stonepath Group Long-Term Capital Lease Obligation?

Stonepath Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2006 was $0.0 Mil.

Stonepath Group's annual Long-Term Capital Lease Obligation declined from Dec. 2003 ($1.1 Mil) to Dec. 2004 ($0.2 Mil) and declined from Dec. 2004 ($0.2 Mil) to Dec. 2005 ($0.0 Mil).

Stonepath Group Long-Term Capital Lease Obligation Historical Data

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

Stonepath Group Annual Data

Trend

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Long-Term Capital Lease Obligation

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1.14

0.24

Stonepath Group Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Stonepath Group (OTCPK:SGRZ) 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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Stonepath Group (Stonepath Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Stonepath Group Inc (OTCPK:SGRZ) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

2200 Alaskan Way, Suite 200, Seattle, WA, USA, 98121

Website

http://www.stonepath.com

Stonepath Group Inc is a non-asset based third-party logistics provider. The Company is engaged in shipping and transportation, managing all aspects of transit.

Executives

Dennis L Pelino	director
Bohn H Crain	officer: Chief Financial Officer	405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Stephen M Cohen	officer: General Counsel	1604 LOCUST STREET, THIRD FLOOR, PHILADELPHIA PA 19103

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