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Paragon Technologies (Paragon Technologies) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2008)


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What is Paragon Technologies Long-Term Capital Lease Obligation?

Paragon Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2008 was $0.00 Mil.


Paragon Technologies Long-Term Capital Lease Obligation Historical Data

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

Paragon Technologies Annual Data
Trend Feb99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08
Long-Term Capital Lease Obligation
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Paragon Technologies Quarterly Data
Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08
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Paragon Technologies  (OTCPK:PGNT) 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.

Paragon Technologies Long-Term Capital Lease Obligation Related Terms

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Paragon Technologies (Paragon Technologies) Business Description

Industry
Traded in Other Exchanges
N/A
Address
101 Larry Holmes Drive, Suite 500, Easton, PA, USA, 18042
Paragon Technologies Inc through its subsidiary provides a variety of material handling solutions including systems, technologies, products and services for material flow applications as well as information technology hardware product distribution. The company's segment includes automation, distribution, and real estate investments. It generates maximum revenue from the distribution segment. Geographical Markets include North America, Latin America, Europe and Asia, out of which the majority is from Latin America. The distribution segment distributes IT equipment, consumer electronics, and appliances to businesses, retailers and e-tailers. Additionally, it also provides business services such as printing, electronic document management, electronic invoicing and storage solutions.
Executives
Anthony W Schweiger director 240 TRIANON LANE, VILLANOVA PA 19085