Rbid.com (Rbid.com) Long-Term Capital Lease Obligation : $0.00 Mil (As of . 20)

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What is Rbid.com Long-Term Capital Lease Obligation?

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

Rbid.com Long-Term Capital Lease Obligation Historical Data

The historical data trend for Rbid.com'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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Rbid.com Long-Term Capital Lease Obligation Chart

Rbid.com Annual Data

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Rbid.com Quarterly Data

Long-Term Capital Lease Obligation

Rbid.com (OTCPK:RBDC) 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.

Rbid.com Long-Term Capital Lease Obligation Related Terms

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Rbid.com (Rbid.com) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Rbid.com Inc (OTCPK:RBDC) » Definitions » Long-Term Capital Lease Obligation

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Address

895 Dove Street, 3rd Floor, Newport Beach, CA, USA, 92660

Website

http://www.rbid.com

Rbid.com Inc is a development stage company in the online social and business networking environment. It also facilitates the acquisition, commercialization, promotion, and protection of both underdeveloped and distressed patented and/or proprietary technologies.

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