Speaking Roses International (Speaking Roses International) Long-Term Capital Lease Obligation : $0.03 Mil (As of Mar. 2007)

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What is Speaking Roses International Long-Term Capital Lease Obligation?

Speaking Roses International's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2007 was $0.03 Mil.

Speaking Roses International's quarterly Long-Term Capital Lease Obligation increased from Sep. 2006 ($0.01 Mil) to Dec. 2006 ($0.04 Mil) but then declined from Dec. 2006 ($0.04 Mil) to Mar. 2007 ($0.03 Mil).

Speaking Roses International's annual Long-Term Capital Lease Obligation declined from Dec. 2004 ($0.02 Mil) to Dec. 2005 ($0.01 Mil) but then increased from Dec. 2005 ($0.01 Mil) to Dec. 2006 ($0.04 Mil).

Speaking Roses International Long-Term Capital Lease Obligation Historical Data

The historical data trend for Speaking Roses International'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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Speaking Roses International Long-Term Capital Lease Obligation Chart

Speaking Roses International Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Long-Term Capital Lease Obligation

0.02

0.01

0.04

Speaking Roses International Quarterly Data
	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													0.01	0.01	0.01	0.04	0.03

Speaking Roses International (GREY:SRII) 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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Speaking Roses International (Speaking Roses International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Speaking Roses International Inc (GREY:SRII) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

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Traded in Other Exchanges

N/A

Address

1536 North Woodland Park Drive, Suite No 130, Layton, UT, USA, 84041

Website

http://www.speakingroses.com

Speaking Roses International Inc develops and markets floral products. The company sells embossed flowers, floral sets, personalized flower bouquets to individuals and businesses.

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