Innovest Global (Innovest Global) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2009)

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What is Innovest Global Long-Term Capital Lease Obligation?

Innovest Global's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2009 was $0.00 Mil.

Innovest Global Long-Term Capital Lease Obligation Historical Data

The historical data trend for Innovest Global'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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Innovest Global Long-Term Capital Lease Obligation Chart

Innovest Global Annual Data

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Long-Term Capital Lease Obligation

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Innovest Global Quarterly Data
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Innovest Global (OTCPK:IVST) 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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Innovest Global (Innovest Global) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Innovest Global Inc (OTCPK:IVST) » Definitions » Long-Term Capital Lease Obligation

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Address

8834 Mayfield Road, Chesterland, OH, USA, 44026

Website

https://www.innovestglobal.com

Innovest Global Inc is a diversified Industrial company. It operates in six segments: Energy Solutions, which provides an all-in-one offering of procurement and efficiency solutions for commercial and industrial customers, including LED lighting and retrofits; Energy Brokerage segment provides competitive electricity and natural gas purchase programs for residential and commercial consumers; Call Center Services; Building Solutions segment designs, engineers, tests and assembles curtainwall systems or other building solutions used in large custom construction projects; Wholesale Purchasing, which acts as a national distributor of roofing, windows, fasteners, and associated tools and accessories; and Others segment.