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Chemrez Technologies (PHS:COAT) Long-Term Capital Lease Obligation : ₱0 Mil (As of Dec. 2011)


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What is Chemrez Technologies Long-Term Capital Lease Obligation?

Chemrez Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2011 was ₱0 Mil.


Chemrez Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for Chemrez Technologies'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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Chemrez Technologies Long-Term Capital Lease Obligation Chart

Chemrez Technologies Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11
Long-Term Capital Lease Obligation
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Chemrez Technologies Semi-Annual Data
Dec07 Dec08 Dec09 Dec10 Dec11
Long-Term Capital Lease Obligation - - - - -

Chemrez Technologies  (PHS:COAT) 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.

Chemrez Technologies Long-Term Capital Lease Obligation Related Terms

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Chemrez Technologies (PHS:COAT) Business Description

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Chemrez Technologies, Inc. is a manufacturer of resins, oleochemicals, and specialty products with an excellent reputation in the Philippines and Asia.

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