China Power Equipment (China Power Equipment) Long-Term Capital Lease Obligation : $0.12 Mil (As of Sep. 2013)

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What is China Power Equipment Long-Term Capital Lease Obligation?

China Power Equipment's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2013 was $0.12 Mil.

China Power Equipment's quarterly Long-Term Capital Lease Obligation increased from Mar. 2013 ($0.12 Mil) to Jun. 2013 ($0.12 Mil) and increased from Jun. 2013 ($0.12 Mil) to Sep. 2013 ($0.12 Mil).

China Power Equipment's annual Long-Term Capital Lease Obligation increased from Dec. 2010 ($0.12 Mil) to Dec. 2011 ($0.12 Mil) but then declined from Dec. 2011 ($0.12 Mil) to Dec. 2012 ($0.12 Mil).

China Power Equipment Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Power Equipment'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 Power Equipment Long-Term Capital Lease Obligation Chart

China Power Equipment Annual Data

Trend

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Long-Term Capital Lease Obligation

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0.12

China Power Equipment Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.12	0.12	0.12	0.12	0.12

China Power Equipment (OTCPK:CPQQ) 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.

China Power Equipment Long-Term Capital Lease Obligation Related Terms

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China Power Equipment (China Power Equipment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » China Power Equipment Inc (OTCPK:CPQQ) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Yongle Industry Zone, Jingyang Industry Concentration Area, Xi’an, Shaanxi, CHN, 713702

Website

http://www.chinapower-equipment.com

China Power Equipment Inc designs, manufactures, and distributes amorphous alloy transformer cores and amorphous alloy distribution transformers in the Peoples Republic of China. Its devices are used to step down voltage at the final phase of the distribution of electricity to consumers, businesses, and industries. The Company offers its products to electricity generators and suppliers, suppliers of electrical equipment, and other electric power transformers manufacturers.

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