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Urban Television Network (Urban Television Network) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2015)


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What is Urban Television Network Long-Term Capital Lease Obligation?

Urban Television Network's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2015 was $0.00 Mil.

Urban Television Network Long-Term Capital Lease Obligation Historical Data

The historical data trend for Urban Television Network'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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Urban Television Network Long-Term Capital Lease Obligation Chart

Urban Television Network Annual Data
Trend Sep02 Sep03 Sep04 Sep05 Sep06
Long-Term Capital Lease Obligation
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Urban Television Network Quarterly Data
Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Dec14 Mar15
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Urban Television Network  (OTCPK:URBT) 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.

Urban Television Network Long-Term Capital Lease Obligation Related Terms

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Urban Television Network (Urban Television Network) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Urban Television Network Corp (OTCPK:URBT) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
11705 Willake Avenue, Santa Fe Springs, CA, USA, 90670
Website
https://www.urbt.com
Urban Television Network Corp is an American telecommunication and entertainment company engaged in broadcasting as an over-the-air television network. It is engaged in creating innovative plans and solutions which offer a diverse range of choices for broadcasting, digital streaming services, and a state-of-the-art movie studio.
Executives
Randy Moseley director, officer: Executive V.P. / CFO