SofTech (SofTech) Long-Term Capital Lease Obligation : $0.03 Mil (As of Nov. 2016)

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What is SofTech Long-Term Capital Lease Obligation?

SofTech's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2016 was $0.03 Mil.

SofTech's quarterly Long-Term Capital Lease Obligation declined from May. 2016 ($0.04 Mil) to Aug. 2016 ($0.03 Mil) and declined from Aug. 2016 ($0.03 Mil) to Nov. 2016 ($0.03 Mil).

SofTech's annual Long-Term Capital Lease Obligation declined from May. 2014 ($0.05 Mil) to May. 2015 ($0.03 Mil) but then increased from May. 2015 ($0.03 Mil) to May. 2016 ($0.04 Mil).

SofTech Long-Term Capital Lease Obligation Historical Data

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

SofTech Annual Data

Trend

May06

May07

May08

May09

May11

May12

May13

May14

May15

May16

Long-Term Capital Lease Obligation

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0.04

0.05

0.03

0.04

SofTech Quarterly Data
	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.05	0.05	0.04	0.03	0.03

SofTech (OTCPK:SOFT) 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.

SofTech Long-Term Capital Lease Obligation Related Terms

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SofTech (SofTech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SofTech Inc (OTCPK:SOFT) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

650 Suffolk Street, Suite 415, Lowell, MA, USA, 01854

Website

http://www.softech.com

SofTech Inc is engaged in the development, marketing, distribution and support of computer software solutions that enable companies to manage the lifecycle of their products from conception through design and manufacture, to service and disposal. The company's service offerings include consulting, training and discrete engineering services. These solutions include software technology offerings for computer-aided design, and product data management and collaboration technologies. In addition, the company offers a technology platform that allows data exchange between various third-party technology offerings known as the company's connector offering.

Executives

Joseph Patrick Daly	10 percent owner	497 CIRCLE FREEWAY, CINCINNATI OH 45246
J Phillip Cooper	director

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