Changming Industrial Management Group Holding (Changming Industrial Management Group Holding) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2009)

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What is Changming Industrial Management Group Holding Long-Term Capital Lease Obligation?

Changming Industrial Management Group Holding's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2009 was $0.00 Mil.

Changming Industrial Management Group Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for Changming Industrial Management Group Holding'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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Changming Industrial Management Group Holding Long-Term Capital Lease Obligation Chart

Changming Industrial Management Group Holding Annual Data

Trend

May07

May08

Long-Term Capital Lease Obligation

Changming Industrial Management Group Holding Quarterly Data
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Changming Industrial Management Group Holding (OTCPK:CMIM) 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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Changming Industrial Management Group Holding (Changming Industrial Management Group Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Changming Industrial Management Group Holding Inc (OTCPK:CMIM) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

Room 904, Tung Wai Commercial Building, Wan Chai, Hong Kong, HKG

Website

http://www.sxcmky.com

Changming Industrial Management Group Holding Inc is engaged in the processing and sales of mineral products as well as vanadium mining. Its product series include Product Series Vanadium ore, crystal, pentoxide, alloy, iron, and titanium alloy.

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