Zecotek Photonics (Zecotek Photonics) Long-Term Capital Lease Obligation : $0.00 Mil (As of Apr. 2020)

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What is Zecotek Photonics Long-Term Capital Lease Obligation?

Zecotek Photonics's Long-Term Capital Lease Obligation for the quarter that ended in Apr. 2020 was $0.00 Mil.

Zecotek Photonics Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zecotek Photonics'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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Zecotek Photonics Long-Term Capital Lease Obligation Chart

Zecotek Photonics Annual Data

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Long-Term Capital Lease Obligation

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Zecotek Photonics Quarterly Data
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Zecotek Photonics (OTCPK:ZMSPF) 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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Zecotek Photonics (Zecotek Photonics) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Zecotek Photonics Inc (OTCPK:ZMSPF) » Definitions » Long-Term Capital Lease Obligation

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Address

6900 Graybar Road, Unit 2325, Richmond, BC, CAN, V6W 0A5

Website

http://www.zecotek.com

Zecotek Photonics Inc is in the business of research and development of photonics technologies. The company is focused on creating advanced materials and integrated optoelectronic devices for high-resolution medical imaging, optical precision surgery, and biopharmaceutical research. It operates in three divisions which include Imaging systems, Optronics systems, and 3D display systems with labs located in Canada, Korea, Russia, Singapore, and the U.S.A. The company develops products such as scintillation crystals, solid-state, photodetectors, positron emission tomography scanning components, lasers, and 3D display and 3D printing technologies. These products are used in sectors such as healthcare, scientific and industrial.