PC Group (PC Group) Long-Term Capital Lease Obligation : $2.41 Mil (As of Dec. 2010)

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What is PC Group Long-Term Capital Lease Obligation?

PC Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2010 was $2.41 Mil.

PC Group's quarterly Long-Term Capital Lease Obligation declined from Jun. 2010 ($2.52 Mil) to Sep. 2010 ($2.43 Mil) and declined from Sep. 2010 ($2.43 Mil) to Dec. 2010 ($2.41 Mil).

PC Group's annual Long-Term Capital Lease Obligation declined from Dec. 2008 ($2.70 Mil) to Dec. 2009 ($2.62 Mil) and declined from Dec. 2009 ($2.62 Mil) to Dec. 2010 ($2.41 Mil).

PC Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for PC Group'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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PC Group Long-Term Capital Lease Obligation Chart

PC Group Annual Data

Trend

Feb01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Long-Term Capital Lease Obligation

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2.70

2.62

2.41

PC Group Quarterly Data
	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.62	2.57	2.52	2.43	2.41

PC Group (OTCPK:PCGR) 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.

PC Group Long-Term Capital Lease Obligation Related Terms

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PC Group (PC Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PC Group Inc (OTCPK:PCGR) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

419 Park Avenue South, Suite 500, New York, NY, USA, 10016

Website

http://www.langerbiomechanics.com

PC Group Inc offers a diverse line of personal care products for the private label retail, medical, and therapeutic markets.

Executives

Warren B Kanders	director, 10 percent owner	ONE LANDMARK SQUARE, 22ND FLOOR, STAMFORD, CT 06901
Kathleen P. Bloch	officer: Vice President and CFO	3 PERSHING COURT, NORTH BRUNSWICK NJ 08902
Burtt R Ehrlich	director	20 BRYNWOOD LANE, GREENWICH CT 06831
David M Knott	10 percent owner	485 UNDERHILL BLVD, STE 205, SYOSSET NY 11791-3419
Sara A. Cherry	officer: CFO and VP	77 BEALE ST., SAN FRANCISO CA 94105
Thomas W Strauss	director	599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022

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