Factory 2-U Stores (Factory 2-U Stores) Long-Term Capital Lease Obligation : $0.0 Mil (As of Jan. 2003)

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What is Factory 2-U Stores Long-Term Capital Lease Obligation?

Factory 2-U Stores's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2003 was $0.0 Mil.

Factory 2-U Stores Long-Term Capital Lease Obligation Historical Data

The historical data trend for Factory 2-U Stores'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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Factory 2-U Stores Long-Term Capital Lease Obligation Chart

Factory 2-U Stores Annual Data

Trend

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Long-Term Capital Lease Obligation

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Factory 2-U Stores Semi-Annual Data
	Dec90	Dec91	Apr93	Jan95	Jan96	Jan97	Jan98	Jan99	Jan00	Jan01	Jan02	Jan03
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							-	-	-	-	-

Factory 2-U Stores (OTCPK:FTUSQ) 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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Factory 2-U Stores (Factory 2-U Stores) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Factory 2-U Stores Inc (OTCPK:FTUSQ) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.factory2-u.com

The Company along with its subsidiaries provides clothing for men, ladies, boys, girls, juniors, infants and toddlers including lingerie, shoes and home decor.

Executives

Ronald Rashkow

director

233 S PATTERSON AVE, SPRINGFIELD MO 65802

Factory 2-U Stores (Factory 2-U Stores) Headlines

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