Georgetown (Georgetown) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2012)

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What is Georgetown Long-Term Capital Lease Obligation?

Georgetown's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2012 was $0.00 Mil.

Georgetown Long-Term Capital Lease Obligation Historical Data

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

Georgetown Annual Data

Trend

Sep11

Long-Term Capital Lease Obligation

Georgetown Quarterly Data
	Jun10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12
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Georgetown (OTCPK:GTCP) 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.

Georgetown Long-Term Capital Lease Obligation Related Terms

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Georgetown (Georgetown) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Georgetown Corp (OTCPK:GTCP) » Definitions » Long-Term Capital Lease Obligation

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Address

7100 South Bryant Avenue, Oklahoma City, OK, USA, 73149

Website

Georgetown Corp exploration stage company engaged in the acquisition and exploration of mineral properties. The company own an unpatented claim to prospect approximately a half-mile portion near Ruby.

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