Williston Holding Co (Williston Holding Co) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2013)

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What is Williston Holding Co Long-Term Capital Lease Obligation?

Williston Holding Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2013 was $0.00 Mil.

Williston Holding Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Williston Holding 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.
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Williston Holding Co Long-Term Capital Lease Obligation Chart

Williston Holding Co Annual Data

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Long-Term Capital Lease Obligation

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Williston Holding Co Quarterly Data
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Williston Holding Co (OTCPK:WHCA) 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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Williston Holding Co (Williston Holding Co) Business Description

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Address

9531 West 78th Street, Suite 340, Eden Prairie, MN, USA, 55344

Website

https://whcbrands.com

Williston Holding Co is a Houston-based restaurant company operating many brands at various locations. These diverse restaurant brands offer fresh, authentic food at an affordable price. The brand portfolio includes Casa Ole, Monterey's Little Mexico, Uberrito, Cargo, Bus Stop, Williston, Tortuga, and Crazy Joses's among others.

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