SMSA Humble Acquistion (SMSA Humble Acquistion) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2013)

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What is SMSA Humble Acquistion Long-Term Capital Lease Obligation?

SMSA Humble Acquistion's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2013 was $0.00 Mil.

SMSA Humble Acquistion Long-Term Capital Lease Obligation Historical Data

The historical data trend for SMSA Humble Acquistion'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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SMSA Humble Acquistion Long-Term Capital Lease Obligation Chart

SMSA Humble Acquistion Annual Data

Trend

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Long-Term Capital Lease Obligation

SMSA Humble Acquistion Quarterly Data
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SMSA Humble Acquistion (OTCPK:SMHQ) 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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SMSA Humble Acquistion (SMSA Humble Acquistion) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » SMSA Humble Acquistion Corp (OTCPK:SMHQ) » Definitions » Long-Term Capital Lease Obligation

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Address

Website

SMSA Humble Acquistion Corp is a development stage company.

Executives

Timothy P Halter	director, 10 percent owner, officer: CEO,Pres,CFO,Chairman, Secy	174 FM 1830, ARGYLE TX 76226
George L Diamond	10 percent owner	174 FM 1830, ARGYLE TX 76226
David F Brigante	10 percent owner	174FM 1830, ARGYLE TX 76226
Marat Rosenberg	10 percent owner	17 FM 1830, ARGYLE TX 76226
Halter Financial Investments Lp	10 percent owner	174 FM 1830, ARGYLE TX 76226
Halter Financial Investments Gp Llc	10 percent owner	174 FM 1830, ARGYLE TX 76226

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