Shonghoya Intl Group (Shonghoya Intl Group) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2015)

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What is Shonghoya Intl Group Long-Term Capital Lease Obligation?

Shonghoya Intl Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2015 was $0.00 Mil.

Shonghoya Intl Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shonghoya Intl Group'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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Shonghoya Intl Group Long-Term Capital Lease Obligation Chart

Shonghoya Intl Group Annual Data

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Long-Term Capital Lease Obligation

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Shonghoya Intl Group Quarterly Data
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Shonghoya Intl Group (OTCPK:SNHO) 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.

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Shonghoya Intl Group (Shonghoya Intl Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Shonghoya Intl Group Inc (OTCPK:SNHO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 118 Yongyuan Road, Yonghe District, Taipei, TWN

Website

https://www.shonghoya.com/

Shonghoya Intl Group Inc, formerly Deal A Day Group Corp operates in internet sales and marketing industry. It is primarily engaged in the daily deals/group buying arena, print media, software, and application development. It also focuses on marketing coupons to merchants in a localized area. The company develops templates for various categories of deals, such as restaurants, bars, and spas for quick demonstrations, sales, and postings for potential merchant clients.

Executives

Amro A. Albanna	director, 10 percent owner, officer: CEO and Treasurer	871 MARLBOROUGH AVENUE, SUITE 100, RIVERSIDE CA 92507
Steve Bajic	director	918-1030 WEST GEORGIA STREET, VANCOUVER A1 V6E 2Y3

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