Firma Holdings (Firma Holdings) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2015)

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What is Firma Holdings Long-Term Capital Lease Obligation?

Firma Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2015 was $0.00 Mil.

Firma Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Firma Holdings'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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Firma Holdings Long-Term Capital Lease Obligation Chart

Firma Holdings Annual Data

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Long-Term Capital Lease Obligation

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Firma Holdings Quarterly Data
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Firma Holdings (OTCPK:FRMA) 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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Firma Holdings (Firma Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Firma Holdings Corp (OTCPK:FRMA) » Definitions » Long-Term Capital Lease Obligation

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Address

4915 Main Street, 2nd Floor, Suite 3, Downers Grove, IL, USA, 60515

Website

https://www.firmaholdingscorp.com

Firma Holdings Corp operates in the mining and consumer product sales business. In addition, it also sells personal protection equipment (commonly referred to as "PPE"), and household and consumer products with its existing joint venture partners as well as participates as a procurement agent for both commercial and government entities.