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S A M Trade Asia Pte (S A M Trade Asia Pte) Long-Term Capital Lease Obligation : $0.00 Mil (As of May. 2008)


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What is S A M Trade Asia Pte Long-Term Capital Lease Obligation?

S A M Trade Asia Pte's Long-Term Capital Lease Obligation for the quarter that ended in May. 2008 was $0.00 Mil.


S A M Trade Asia Pte Long-Term Capital Lease Obligation Historical Data

The historical data trend for S A M Trade Asia Pte'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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S A M Trade Asia Pte Long-Term Capital Lease Obligation Chart

S A M Trade Asia Pte Annual Data
Trend Feb03 Feb04 Feb05 Feb06 Feb07 Feb08
Long-Term Capital Lease Obligation
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S A M Trade Asia Pte Quarterly Data
Aug03 Nov03 Feb04 May04 Aug04 Nov04 Feb05 May05 Aug05 Nov05 Feb06 May06 Aug06 Nov06 Feb07 May07 Aug07 Nov07 Feb08 May08
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S A M Trade Asia Pte  (OTCPK:SMFX) 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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S A M Trade Asia Pte (S A M Trade Asia Pte) Business Description

Traded in Other Exchanges
N/A
Address
50 West Liberty Street, Suite 880, Reno, NV, USA, 89501
S A M Trade Asia Pte Ltd is a shell company.
Executives
William L Sklar director 513 ROSELAWN AVENUE, TORONTO A6 M5N 1K2

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