Oak Ridge Financial Services (Oak Ridge Financial Services) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2013)

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What is Oak Ridge Financial Services Long-Term Capital Lease Obligation?

Oak Ridge Financial Services's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2013 was $0.00 Mil.

Oak Ridge Financial Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for Oak Ridge Financial Services'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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Oak Ridge Financial Services Long-Term Capital Lease Obligation Chart

Oak Ridge Financial Services Annual Data

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Long-Term Capital Lease Obligation

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Oak Ridge Financial Services Quarterly Data
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Oak Ridge Financial Services (OTCPK:BKOR) 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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Oak Ridge Financial Services (Oak Ridge Financial Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Oak Ridge Financial Services Inc (OTCPK:BKOR) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

8050 Fogleman Road, Oak Ridge, MN, USA, 27310

Website

https://www.oakridgefinancial.com

Oak Ridge Financial Services Inc is the holding company. The company is an independent, full-service financial services firm providing private client and investment banking services to individual, institutional and corporate customers.

Executives

Stanley Tennant

director

2211 OAK RIDGE ROAD, OAK RIDGE NC 27310