SportsQuest (SportsQuest) Long-Term Capital Lease Obligation : $0.00 Mil (As of Oct. 2007)

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What is SportsQuest Long-Term Capital Lease Obligation?

SportsQuest's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2007 was $0.00 Mil.

SportsQuest Long-Term Capital Lease Obligation Historical Data

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

SportsQuest Annual Data

Trend

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Long-Term Capital Lease Obligation

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SportsQuest Semi-Annual Data
	Oct96	Oct97	Oct98	Oct99	Oct00	Oct01	Oct02	Oct03	Oct04	Oct05	Oct06	Oct07
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							-	-	-	-	-

SportsQuest (OTCPK:SPQS) 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.

SportsQuest Long-Term Capital Lease Obligation Related Terms

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SportsQuest (SportsQuest) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » SportsQuest Inc (OTCPK:SPQS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 S Australian Avenue, Suite No. 600, West Palm Beach, Florida, FL, USA, 33401

Website

https://www.sports-quest.co

SportsQuest Inc is currently is in development stage company of a sports franchise. The company is primarily engaged in sports and hospitality related services.

Executives

Roy Thomas Kidd	director, officer: President, CEO	432 VALLEY STREAM DRIVE, GENEVA FL 32732
Air Brook Airport Express Inc	other: Related party	500 AUSTRALIAN AVENUE, SUITE 600, WEST PALM BEACH FL 33401

SportsQuest (SportsQuest) Headlines

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