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Riviera Tool Co (Riviera Tool Co) Long-Term Capital Lease Obligation : $0.00 Mil (As of Nov. 2006)


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What is Riviera Tool Co Long-Term Capital Lease Obligation?

Riviera Tool Co's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2006 was $0.00 Mil.


Riviera Tool Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Riviera Tool Co'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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Riviera Tool Co Long-Term Capital Lease Obligation Chart

Riviera Tool Co Annual Data
Trend Aug97 Aug98 Aug99 Aug00 Aug01 Aug02 Aug03 Aug04 Aug05 Aug06
Long-Term Capital Lease Obligation
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Riviera Tool Co Quarterly Data
Feb02 May02 Aug02 Nov02 Feb03 May03 Aug03 Nov03 Feb04 May04 Aug04 Nov04 Feb05 May05 Aug05 Nov05 Feb06 May06 Aug06 Nov06
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Riviera Tool Co  (OTCPK:RIVT) 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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Riviera Tool Co (Riviera Tool Co) Business Description

Industry
Traded in Other Exchanges
N/A
Address
5460 Executive Parkway S.E., Grand Rapids, MI, USA, 49512
Riviera Tool Co designs and manufactures large stamping die systems used to form sheet metal parts. These systems are used by automobile manufacturers to produce automobile and truck body parts such as roofs, hoods, fenders, doors, door frames, structural components, and bumpers. The company's customers include major automobile manufacturers.

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