California Style Palms (California Style Palms) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2006)

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What is California Style Palms Long-Term Capital Lease Obligation?

California Style Palms's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2006 was $0.00 Mil.

California Style Palms Long-Term Capital Lease Obligation Historical Data

The historical data trend for California Style Palms'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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California Style Palms Long-Term Capital Lease Obligation Chart

California Style Palms Annual Data

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Long-Term Capital Lease Obligation

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California Style Palms Quarterly Data
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California Style Palms (OTCPK:CFPI) 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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California Style Palms (California Style Palms) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » California Style Palms Inc (OTCPK:CFPI) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

349 North Renee Street, Orange, CA, USA, 92869-3122

Website

http://www.californiastylepalmsinc.com

California Style Palms Inc is engaged in selling and installation of decorative palm trees. It owns and operates the assets, with the exception of the real estate, of Gregory Palm Farms, LLC, a fourth-generation farmers company who live to grow its own products. The company owns and operates two farms in California, and have set up central location in Orange, Orange County. It derives revenues primarily from the sale and installation of decorative palm trees.

Executives

Andrew C Schmidt

director

1700 CARNEGIE AVE, SUITE 100, SANTA ANA CA 92705

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