Green Planet Group (Green Planet Group) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2011)

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What is Green Planet Group Long-Term Capital Lease Obligation?

Green Planet Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2011 was $0.00 Mil.

Green Planet Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Green Planet Group'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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Green Planet Group Long-Term Capital Lease Obligation Chart

Green Planet Group Annual Data

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Long-Term Capital Lease Obligation

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Green Planet Group Quarterly Data
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Green Planet Group (OTCPK:GNPG) 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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Green Planet Group (Green Planet Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Green Planet Group Inc (OTCPK:GNPG) » Definitions » Long-Term Capital Lease Obligation

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Address

3259 E. Harbour Drive, Suite 101, Phoenix, AZ, USA, 85034

Website

https://www.greenplanetgroup.com

Green Planet Group Inc, through its subsidiaries, is engaged in the following businesses: production of lubricants and additives for gasoline and diesel-fueled engines; developing a hydrogen generator that reduces hydrocarbon emissions while improving fuel efficiency; developing a new "fast track" growing system capable of growing vast amounts of fresh organic food at the point of consumption reducing transportation costs while reducing water use by 90+% and increasing productivity by 300%; and developing green technologies for use in the mining of rare and precious metals and elements.