Queen City Investment (Queen City Investment) Long-Term Capital Lease Obligation : $0.00 Mil (As of . 20)

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What is Queen City Investment Long-Term Capital Lease Obligation?

Queen City Investment's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was $0.00 Mil.

Queen City Investment Long-Term Capital Lease Obligation Historical Data

The historical data trend for Queen City Investment'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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Queen City Investment Long-Term Capital Lease Obligation Chart

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Long-Term Capital Lease Obligation

Queen City Investment Quarterly Data

Long-Term Capital Lease Obligation

Queen City Investment (OTCPK:QUCT) 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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Queen City Investment (Queen City Investment) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Queen City Investment Inc (OTCPK:QUCT) » Definitions » Long-Term Capital Lease Obligation

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Address

302 Pine Avenue, 2nd Floor, Long Beach, CA, USA, 90802

Website

Queen City Investment Inc owns and leases commercial real estate and buildings in California. Through its subsidiaries, it provides Investment management & Fiduciary management services and it also operates a cattle ranch. The ranch breeds and raises cattle for sale at the market.

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