Q Lotus Holdings (Q Lotus Holdings) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2013)

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What is Q Lotus Holdings Long-Term Capital Lease Obligation?

Q Lotus Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2013 was $0.00 Mil.

Q Lotus Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Q Lotus Holdings'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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Q Lotus Holdings Long-Term Capital Lease Obligation Chart

Q Lotus Holdings Annual Data

Trend

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Long-Term Capital Lease Obligation

Q Lotus Holdings Quarterly Data
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Q Lotus Holdings (OTCPK:QLTS) 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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Q Lotus Holdings (Q Lotus Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Q Lotus Holdings Inc (OTCPK:QLTS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.qlotuspe.com

Q Lotus Holdings, Inc. is a diversified financial services holding company which provides financing and acquires growing companies in which it believes its management participation in operations can create additional value.

Executives

Gary A Rosenberg	director, officer: CEO and President	500 N. DEARBORN SUITE 605 CHICAGO IL 60654
Robert H Daskal	director	C/O OLYMPIC CASCADE FINANCIAL CORP 875 NORTH MICHIGAN AVENUE, STE. 1560 CHICAGO IL 60611

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