NCTW (Nascent Wine Co) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2008)

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What is Nascent Wine Co Long-Term Capital Lease Obligation?

Nascent Wine Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2008 was $0.00 Mil.

Nascent Wine Co's quarterly Long-Term Capital Lease Obligation declined from Mar. 2008 ($0.68 Mil) to Jun. 2008 ($0.00 Mil) but then stayed the same from Jun. 2008 ($0.00 Mil) to Sep. 2008 ($0.00 Mil).

Nascent Wine Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nascent Wine Co'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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Nascent Wine Co Long-Term Capital Lease Obligation Chart

Nascent Wine Co Annual Data

Trend

Dec05

Dec06

Dec07

Long-Term Capital Lease Obligation

Nascent Wine Co Quarterly Data
	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									-	-	0.68	-	-

Nascent Wine Co (OTCPK:NCTW) 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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Nascent Wine Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Nascent Wine Co Inc (OTCPK:NCTW) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

12055 East Broadway Boulevard, Tucson, AZ, USA, 85748

Website

http://www.pianconegroup.com

Nascent Wine Co Inc engages in the distribution of food and non-food products. It distributes a full line of frozen foods, such as meats, fully prepared entrees & desserts, and a full line of canned and dry goods, fresh meats and imported specialties.

Executives

Jgd Management Corp /ny	director, 10 percent owner	767 FIFTH AVENUE, 17TH FLOOR, NEW YORK NY 10153
James E Buckman	director	YORK CAPITAL MANAGEMENT, 767 5TH AVENUE - 17TH FLOOR, NEW YORK NY 10153

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