Umax Group (Umax Group) Long-Term Capital Lease Obligation : $0.00 Mil (As of Apr. 2018)

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What is Umax Group Long-Term Capital Lease Obligation?

Umax Group's Long-Term Capital Lease Obligation for the quarter that ended in Apr. 2018 was $0.00 Mil.

Umax Group Long-Term Capital Lease Obligation Historical Data

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

Umax Group Annual Data

Trend

Apr12

Apr13

Apr17

Apr18

Long-Term Capital Lease Obligation

Umax Group Semi-Annual Data
	Apr12	Apr13	Apr17	Apr18
Long-Term Capital Lease Obligation	-	-	-	-

Umax Group (OTCPK:UMAX) 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.

Umax Group Long-Term Capital Lease Obligation Related Terms

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Umax Group (Umax Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Umax Group Corp (OTCPK:UMAX) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

2020 Bay Street, Los Angeles, CA, USA, 90012

Website

https://www.umaxgrpcorp.com

Umax Group Corp is a media development company which is concentrated on producing its original content with the intent of selling that content to one of the many streaming companies such as Netflix, Hulu, Showtime, Disney plus etc. and having their own streaming platforms on website and YouTube channels.