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China Zhong Qi Holdings (China Zhong Qi Holdings) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2017)


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What is China Zhong Qi Holdings Long-Term Capital Lease Obligation?

China Zhong Qi Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2017 was $0.00 Mil.


China Zhong Qi Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Zhong Qi Holdings'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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China Zhong Qi Holdings Long-Term Capital Lease Obligation Chart

China Zhong Qi Holdings Annual Data
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Long-Term Capital Lease Obligation
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China Zhong Qi Holdings Quarterly Data
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China Zhong Qi Holdings  (OTCPK:CHZQ) 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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China Zhong Qi Holdings (China Zhong Qi Holdings) Business Description

Traded in Other Exchanges
N/A
Address
1602 , Phase A, Science and Technology Innovation Plaza, Tian’an Science and Technology Park, Futian District, Shenzhen, CHN
China Zhong Qi Holdings Ltd is engaged in mining of fluorite. The company is also engaged in equity investment and financial services sector.
Executives
Jerome R Mahoney director, 10 percent owner, officer: President and CEO C/O VOICE INC, 750 HIGHWAY 34, MATAWAN NJ 07747
Mark Meller director, 10 percent owner, officer: President and CEO C/O TREY RESOURCES, INC., 293 EISENHOWER PARKWAY, SUITE 250, LIVINGSTON NJ 07039

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