Cal Bay International (Cal Bay International) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2006)

View and export this data going back to . Start your Free Trial

What is Cal Bay International Long-Term Capital Lease Obligation?

Cal Bay International's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2006 was $0.00 Mil.

Cal Bay International's quarterly Long-Term Capital Lease Obligation increased from Mar. 2006 ($0.00 Mil) to Jun. 2006 ($0.01 Mil) but then declined from Jun. 2006 ($0.01 Mil) to Sep. 2006 ($0.00 Mil).

Cal Bay International's annual Long-Term Capital Lease Obligation declined from Dec. 2003 ($0.01 Mil) to Dec. 2004 ($0.01 Mil) and declined from Dec. 2004 ($0.01 Mil) to Dec. 2005 ($0.00 Mil).

Cal Bay International Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cal Bay International'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.

* Premium members only.

Cal Bay International Long-Term Capital Lease Obligation Chart

Cal Bay International Annual Data

Trend

Dec01

Dec02

Dec03

Dec04

Dec05

Long-Term Capital Lease Obligation

0.01

Cal Bay International Quarterly Data
	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	0.01	-

Cal Bay International (OTCPK:CBYI) 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.

Cal Bay International Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Cal Bay International's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Cal Bay International (Cal Bay International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cal Bay International Inc (OTCPK:CBYI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1887 Whitney Mesa Drive, No. 2127, Henderson, NV, USA, 89014

Website

https://www.cbyintl.com

Cal Bay International Inc acquired a Financial, merchant card processing system, CB Green Card, that allows the legal payment to the dispensary by patients using the CB Green card for purchases within the dispensaries. The majority of the transactions are on a cash only basis. The company's merchant processing system allows for the registered dispensaries to be able to accept and process the patients CB Green card and have the proceeds deposited to their financial institution, creating an alternative to holding large amounts of non depositable cash to the banks and at the same time creating a verifiable transaction of sales for state and Federal tax collection agencies. The company has also developed a formula specifically designed for enhancing the growth of marijuana plants.