Excel (EXCC) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2017)

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What is Excel Long-Term Capital Lease Obligation?

Excel's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2017 was $0.00 Mil.

Excel Long-Term Capital Lease Obligation Historical Data

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

Excel Annual Data

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Long-Term Capital Lease Obligation

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Excel Quarterly Data
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Excel (OTCPK:EXCC) 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.

Excel Long-Term Capital Lease Obligation Related Terms

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Excel (EXCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Excel Corp (OTCPK:EXCC) » Definitions » Long-Term Capital Lease Obligation

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Address

6363 North State Highway 161, Suite 310, Irving, TX, USA, 75038

Website

http://www.excelcorpusa.com

Excel Corp provides financial and transaction processing services to small and medium-sized businesses throughout the United States. Its primary operations focus on the merchant processing and servicing business as a single source provider for virtually all types of merchant payment processing needs. Through its subsidiary it offers merchant account processing solutions, together with the latest physical site and cloud-based technologies, designed to meet the needs of each industry segment the company services, and offer a variety of credit, debit, gift, and loyalty card processing options and equipment to scale with the distinctive business plans of each client. Geographically activities are performed through Denmark, US.

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