DAC Technologies Group International (DAC Technologies Group International) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2010)

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What is DAC Technologies Group International Long-Term Capital Lease Obligation?

DAC Technologies Group International's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2010 was $0.00 Mil.

DAC Technologies Group International Long-Term Capital Lease Obligation Historical Data

The historical data trend for DAC Technologies Group International'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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DAC Technologies Group International Long-Term Capital Lease Obligation Chart

DAC Technologies Group International Annual Data

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Long-Term Capital Lease Obligation

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DAC Technologies Group International Quarterly Data
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DAC Technologies Group International (OTCPK:DAAT) 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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DAC Technologies Group International (DAC Technologies Group International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » DAC Technologies Group International Inc (OTCPK:DAAT) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

100 Gamble Road, Suite One, Little Rock, AR, USA, 72211

Website

http://www.dactec.com

DAC Technologies Group International Inc is a manufacturer and supplier of gun cleaning kits, gunsmithing tools and accessories, and wide assortment of gun locks.

Executives

Praetorian Capital Management Llc

10 percent owner

3271 RIVIERA DRIVE, CORAL GABLES FL 33134

DAC Technologies Group International (DAC Technologies Group International) Headlines

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