Artistmss International Group (Artistmss International Group) Long-Term Capital Lease Obligation : $0.01 Mil (As of Sep. 2004)

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What is Artistmss International Group Long-Term Capital Lease Obligation?

Artistmss International Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2004 was $0.01 Mil.

Artistmss International Group's quarterly Long-Term Capital Lease Obligation stayed the same from . 20 ($0.00 Mil) to . 20 ($0.00 Mil) but then increased from . 20 ($0.00 Mil) to Sep. 2004 ($0.01 Mil).

Artistmss International Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Artistmss International 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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Artistmss International Group Long-Term Capital Lease Obligation Chart

Artistmss International Group Annual Data

Trend

Long-Term Capital Lease Obligation

Artistmss International Group Semi-Annual Data
	Sep04
Long-Term Capital Lease Obligation	0.01

Artistmss International Group (GREY:AIGI) 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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Artistmss International Group (Artistmss International Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Artistmss International Group Inc (GREY:AIGI) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

4055 Wilshire Boulevard, Suite 512, Los Angeles, CA, USA, 90010

Website

http://www.artistmss.com

Artistmss International Group Inc specializes in women and men's undergarment, and stem cell cosmetic lines.

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