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US Helicopter (US Helicopter) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2007)


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What is US Helicopter Long-Term Capital Lease Obligation?

US Helicopter's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2007 was $0.00 Mil.

US Helicopter Long-Term Capital Lease Obligation Historical Data

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

US Helicopter Annual Data
Trend Dec04 Dec05 Dec06 Dec07
Long-Term Capital Lease Obligation
- - - -

US Helicopter Semi-Annual Data
Dec04 Dec05 Dec06 Dec07
Long-Term Capital Lease Obligation - - - -

US Helicopter  (OTCPK:USHP) 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.

US Helicopter Long-Term Capital Lease Obligation Related Terms

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US Helicopter (US Helicopter) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » US Helicopter Corp (OTCPK:USHP) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
Website
http://www.flyush.com
The Company provides regularly scheduled helicopter shuttle service between many of the nation's metropolitan airports and surrounding city-based heliports.
Executives
Dean C Borgman director
Stephen T Wills director PALATIN TECHNOLOGIES, INC., 4B CEDAR BROOK DRIVE, CRANBURY NJ 08512

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