Technology Solutions Co (Technology Solutions Co) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2008)

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What is Technology Solutions Co Long-Term Capital Lease Obligation?

Technology Solutions Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2008 was $0.00 Mil.

Technology Solutions Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Technology Solutions Co'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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Technology Solutions Co Long-Term Capital Lease Obligation Chart

Technology Solutions Co Annual Data

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Long-Term Capital Lease Obligation

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Technology Solutions Co Quarterly Data
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Technology Solutions Co (OTCPK:TSCC) 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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Technology Solutions Co (Technology Solutions Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Technology Solutions Co (OTCPK:TSCC) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

55 East Monroe street, Suite 2600, Chicago, IL, USA, 60603

Website

Technology Solutions Co provides business-consulting services across a broad range of industries and areas of expertise. The company provides business strategy and assessment services.

Executives

Miller Lloyd I Iii	10 percent owner
Gerald Luterman	director	70 VALLEY STREAM PARKWAY, MALVERN PA 19355
John R Purcell	director	14155 US HIGHWAY #310, JUNO BEACH FL 33408-1431
Stephen B Oresman	director	49 SUNSWYCK ROAD, DARIEN CT 06820
William H Waltrip	director, officer: Former Chairman	901 GATEWAY BLVD, SOUTH SAN FRANCISCO CA 94080

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