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SOLON AG fuer Solartechnik (LTS:0G3C) Long-Term Capital Lease Obligation : €0.0 Mil (As of Sep. 2011)


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What is SOLON AG fuer Solartechnik Long-Term Capital Lease Obligation?

SOLON AG fuer Solartechnik's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2011 was €0.0 Mil.


SOLON AG fuer Solartechnik Long-Term Capital Lease Obligation Historical Data

The historical data trend for SOLON AG fuer Solartechnik'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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SOLON AG fuer Solartechnik Long-Term Capital Lease Obligation Chart

SOLON AG fuer Solartechnik Annual Data
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SOLON AG fuer Solartechnik Quarterly Data
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SOLON AG fuer Solartechnik  (LTS:0G3C) 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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SOLON AG fuer Solartechnik (LTS:0G3C) Business Description

Traded in Other Exchanges
N/A
Address
3840 South Palo Verde, Suite 205, Tucson, AZ, USA, 85714
SOLON SE is a Germany-based manufacturer of solar modules and supplier of solar system technology. It produces and distributes solar modules, as well monocrystalline and polycrystalline solar cells to wholesalers and installers. It focuses on the construction of turnkey solar power plants on rooftops and on open fields, as well as the distribution of systems to project developers and utility companies.

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