International Star (International Star) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2011)

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What is International Star Long-Term Capital Lease Obligation?

International Star's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2011 was $0.00 Mil.

International Star Long-Term Capital Lease Obligation Historical Data

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

International Star Annual Data

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Long-Term Capital Lease Obligation

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International Star Quarterly Data
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International Star (OTCPK:ILST) 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.

International Star Long-Term Capital Lease Obligation Related Terms

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International Star (International Star) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » International Star Inc (OTCPK:ILST) » Definitions » Long-Term Capital Lease Obligation

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Address

8 The Green, Suite 13940, Dover, DE, USA, 19901

Website

https://ilstinc.com

International Star Inc operates through its wholly owned subsidiary, Budding Equity Inc which owns and licenses intellectual property through contracts with movie studios and celebrities. The company structures licensing deals with third parties for cannabis-related products. The company also has joint venture partnerships with affiliates of Ice Cube and Kevin Smith for licensing and branding cannabis products. A core focus of ILST remains acquiring and developing businesses with high growth potential in the cannabis space and beyond.