Puration (Puration) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2007)

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What is Puration Long-Term Capital Lease Obligation?

Puration's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2007 was $0.00 Mil.

Puration Long-Term Capital Lease Obligation Historical Data

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

Puration Annual Data

Trend

Dec04

Dec05

Dec06

Long-Term Capital Lease Obligation

Puration Quarterly Data
	Sep03	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07
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Puration (OTCPK:PURA) 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.

Puration Long-Term Capital Lease Obligation Related Terms

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Puration (Puration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Puration Inc (OTCPK:PURA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1584 County Road 613, Farmersville, TX, USA, 75442

Website

https://www.purationinc.com

Puration Inc is engaged in the business of researching, designing, developing, producing, marketing and distributing products and systems to improve the quality of the water used daily by people around the world. The company designs and produces personal use water filter bottles and other containers and also has developed its proprietary technology for water filtration and purification. It derives its revenue from the selling of water filtration products.

Executives

Robert Howard Nelson

officer: Chief Financial Officer

1613 EAST 15TH STREET, TULSA OK 74120