GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » NeoMagic Corp (OTCPK:NMGC) » Definitions » Long-Term Capital Lease Obligation

NMGC (NeoMagic) Long-Term Capital Lease Obligation : $0.00 Mil (As of Oct. 2010)


View and export this data going back to 1997. Start your Free Trial

What is NeoMagic Long-Term Capital Lease Obligation?

NeoMagic's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2010 was $0.00 Mil.

NeoMagic's annual Long-Term Capital Lease Obligation declined from Jan. 2007 ($0.66 Mil) to Jan. 2008 ($0.34 Mil) and declined from Jan. 2008 ($0.34 Mil) to Jan. 2009 ($0.00 Mil).

NeoMagic Long-Term Capital Lease Obligation Historical Data

The historical data trend for NeoMagic'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.

* Premium members only.

NeoMagic Long-Term Capital Lease Obligation Chart

NeoMagic Annual Data
Trend Jan00 Jan01 Jan02 Jan03 Jan04 Jan05 Jan06 Jan07 Jan08 Jan09
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 0.62 0.66 0.34 -

NeoMagic Quarterly Data
Jan06 Apr06 Jul06 Oct06 Jan07 Apr07 Jul07 Oct07 Jan08 Apr08 Jul08 Oct08 Jan09 Apr09 Jul09 Oct09 Jan10 Apr10 Jul10 Oct10
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

NeoMagic  (OTCPK:NMGC) 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.

NeoMagic Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of NeoMagic's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

NeoMagic Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » NeoMagic Corp (OTCPK:NMGC) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
ASX:KTE BOM:517166 PRKR MOSY PENC BOM:517035 XCNQ:MRM ROCO:6545 ROCO:3073 ROCO:5262 TSXV:QNC ROCO:3288 ROCO:3219 ROCO:5468 LEDS ROCO:3429 ROCO:6198 ROCO:5297 XKRX:158300 TPE:3383
Traded in Other Exchanges
N/A
Address
830 Hillview Court, Suite 138, Milpitas, CA, USA, 95035
Website
http://www.neomagic.com
NeoMagic Corp designs and delivers consumer electronic device solutions with semiconductors and software for video, television, imaging, graphics, and audio. The products are offered under the MiMagic name.
Executives
Marxe Austin W & Greenhouse David M 10 percent owner C/O SPECIAL SITUATIONS FUNDS, 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022
Steve Valenzuela director 1800 GREEN HILLS ROAD, SCOTTS VALLEY CA 95066
Brett Moyer director C/O FOCUS ENHANCEMENTS INC, 1370 DELL AVE, CAMPBELL CA 95008
Stephen Lanza officer: VP Operations & Finance, CFO 4650 CUSHING PARKWAY, FREMONT CA 94538