RONN (RONN) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2005)

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What is RONN Long-Term Capital Lease Obligation?

RONN's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2005 was $0.00 Mil.

RONN Long-Term Capital Lease Obligation Historical Data

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

RONN Annual Data

Trend

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Long-Term Capital Lease Obligation

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RONN Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

RONN (OTCPK:RONN) 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.

RONN Long-Term Capital Lease Obligation Related Terms

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RONN Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » RONN Inc (OTCPK:RONN) » Definitions » Long-Term Capital Lease Obligation

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Address

11 N Water Street, Mobile, AL, USA, 36602

Website

https://www.lphmcorp.com

RONN Inc Formerly Lee Pharmaceuticals Inc is a developer of health and fitness related mobile applications to be used on PC and mobile devices. These applications will be offered through the Google Play Store and the Apple App Store. It is developing its mobile applications on behalf of a health care provider, health plan, or any HIPAA covered entities. The firm's Green Living Lifestyle Nutrition App encourage health and wellness through green options and alternative health strategies.