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Universal Solar Technology (Universal Solar Technology) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2020)


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What is Universal Solar Technology Long-Term Capital Lease Obligation?

Universal Solar Technology's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2020 was $0.00 Mil.

Universal Solar Technology Long-Term Capital Lease Obligation Historical Data

The historical data trend for Universal Solar Technology'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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Universal Solar Technology Long-Term Capital Lease Obligation Chart

Universal Solar Technology Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec18 Dec19 Dec20
Long-Term Capital Lease Obligation
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Universal Solar Technology Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec18 Dec19 Mar20 Jun20 Dec20
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Universal Solar Technology  (OTCPK:UNSS) 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.

Universal Solar Technology Long-Term Capital Lease Obligation Related Terms

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Universal Solar Technology (Universal Solar Technology) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Universal Solar Technology Inc (OTCPK:UNSS) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
350 North Sam Houston Parkway East, Suite 102, Houston, TX, USA, 77060
Website
https://www.universalsolartechnology.com
Universal Solar Technology Inc is currently pursuing opportunities in renewable energy, specifically solar and wind. The company also plans the installation of a closed loop waste to energy technology with a global consequential impact.