Simclar (Simclar) Long-Term Capital Lease Obligation : $0.0 Mil (As of Sep. 2008)

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What is Simclar Long-Term Capital Lease Obligation?

Simclar's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2008 was $0.0 Mil.

Simclar Long-Term Capital Lease Obligation Historical Data

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

Simclar Annual Data

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Long-Term Capital Lease Obligation

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Simclar Quarterly Data
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Simclar (OTCPK:SIMC) 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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Simclar (Simclar) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Simclar Inc (OTCPK:SIMC) » Definitions » Long-Term Capital Lease Obligation

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Address

2230 West 77th Street, Hialeah, FL, USA, 33016

Website

http://www.simclar.com

Simclar Inc is a contract manufacturer of electronic and electro mechanical products, providing electronics manufacturing services to original equipment manufacturers.

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