News Communications (News Communications) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2004)

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What is News Communications Long-Term Capital Lease Obligation?

News Communications's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2004 was $0.00 Mil.

News Communications's quarterly Long-Term Capital Lease Obligation increased from Dec. 2002 ($0.02 Mil) to Dec. 2003 ($0.03 Mil) but then declined from Dec. 2003 ($0.03 Mil) to Dec. 2004 ($0.00 Mil).

News Communications's annual Long-Term Capital Lease Obligation increased from Dec. 2002 ($0.02 Mil) to Dec. 2003 ($0.03 Mil) but then declined from Dec. 2003 ($0.03 Mil) to Dec. 2004 ($0.00 Mil).

News Communications Long-Term Capital Lease Obligation Historical Data

The historical data trend for News Communications'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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News Communications Long-Term Capital Lease Obligation Chart

News Communications Annual Data

Trend

Nov96

Nov97

Nov98

Nov99

Dec00

Dec01

Dec02

Dec03

Dec04

Long-Term Capital Lease Obligation

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0.05

0.04

0.02

0.03

News Communications Semi-Annual Data
	Nov96	Nov97	Nov98	Nov99	Dec00	Dec01	Dec02	Dec03	Dec04
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				0.05	0.04	0.02	0.03	-

News Communications (OTCPK:NWCM) 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.

News Communications Long-Term Capital Lease Obligation Related Terms

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News Communications (News Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » News Communications Inc (OTCPK:NWCM) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

Website

News Communications, Inc. is engaged in publishing & distribution of advertiser-supported newspapers & magazines. It publishes three newspapers, two magazines including Dans Hampton Style & Dans Hampton Sports; & a guide, Dans Hampton Style Insider Guide.

Executives

Ross Wilbur L Jr

director

328 EL VEDADO ROAD, PALM BEACH FL 33480

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