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Happy Town Holdings (Happy Town Holdings) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2013)


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What is Happy Town Holdings Long-Term Capital Lease Obligation?

Happy Town Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2013 was $0.00 Mil.

Happy Town Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Happy Town 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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Happy Town Holdings Long-Term Capital Lease Obligation Chart

Happy Town Holdings Annual Data
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Happy Town Holdings Quarterly Data
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Happy Town Holdings  (OTCPK:HPTN) 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.

Happy Town Holdings Long-Term Capital Lease Obligation Related Terms

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Happy Town Holdings (Happy Town Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Happy Town Holdings Inc (OTCPK:HPTN) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
42 Broadway, New York, NY, USA, 10004
Website
http://www.happytownholdigs.com
Happy Town Holdings Inc is a health and wellness company. The company is focused on developing or acquiring natural-based solutions to promote better health. It is engaged in researching new investment opportunities in the health and wellness sector.