Alaska Communications Systems Group (Alaska Communications Systems Group) Long-Term Capital Lease Obligation : $79.6 Mil (As of Mar. 2021)

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What is Alaska Communications Systems Group Long-Term Capital Lease Obligation?

Alaska Communications Systems Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2021 was $79.6 Mil.

Alaska Communications Systems Group's quarterly Long-Term Capital Lease Obligation increased from Sep. 2020 ($80.5 Mil) to Dec. 2020 ($81.1 Mil) but then declined from Dec. 2020 ($81.1 Mil) to Mar. 2021 ($79.6 Mil).

Alaska Communications Systems Group's annual Long-Term Capital Lease Obligation increased from Dec. 2018 ($0.0 Mil) to Dec. 2019 ($78.8 Mil) and increased from Dec. 2019 ($78.8 Mil) to Dec. 2020 ($81.1 Mil).

Alaska Communications Systems Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Alaska Communications Systems 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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Alaska Communications Systems Group Long-Term Capital Lease Obligation Chart

Alaska Communications Systems Group Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Long-Term Capital Lease Obligation

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78.77

81.10

Alaska Communications Systems Group Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															78.21	79.12	80.50	81.10	79.63

Alaska Communications Systems Group (NAS:ALSK) 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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Alaska Communications Systems Group (Alaska Communications Systems Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Alaska Communications Systems Group Inc (NAS:ALSK) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 Telephone Avenue, Anchorage, AK, USA, 99503-6091

Website

http://www.alaskacommunications.com

Alaska Communications Systems Group Inc is a US-based fiber broadband and managed information technology services provider. The company is focused primarily on business and wholesale customers in and out of Alaska. It provides local, long-distance, and wireless telephone services, Internet access, and data services to residential and business customers.

Executives

Peter D Ley	director	C/O ALASKA COMMUNICATIONS SYSTEMS 600 TELEPHONE AVENUE, MS#65 ANCHORAGE AK 99503
Leonard Steinberg	officer: SVP, Legal/Reg/Gov & Corp Sec.
Debra Morse	officer: Vice President, HR	C/O ALASKA COMMUNICATIONS SYSTEMS 600 TELEPHONE AVENUE ANCHORAGE AK 99503
Jim Gutcher	officer: VP, Strategy and Product Mgt.	C/O ALASKA COMMUNICATIONS SYSTEMS 600 TELEPHONE AVENUE ANCHORAGE AK 99503
Beth Barnes	officer: VP, Mass Markets and Marketing	C/O ALASKA COMMUNICATIONS SYSTEMS 600 TELEPHONE AVENUE ANCHORAGE AK 99503
Tiffany Hoogerhyde	officer: VP, Finance & Controller	C/O ALASKA COMMUNICATIONS SYSTEMS 600 TELEPHONE AVENUE ANCHORAGE AK 99503
Sean Lindamood	officer: VP, Business Sales	C/O ALASKA COMMUNICATIONS SYSTEMS 600 TELEPHONE AVE. ANCHORAGE AK 99503
Richard Benken	officer: VP Network Strategy	C/O ALASKA COMMUNICATIONS SYSTEMS 600 TELEPHONE AVE ANCHORAGE AK 99503
Aurora David	officer: VP, Information Technology	C/O ALASKA COMMUNICATIONS SYSTEMS 600 TELEPHONE AVE. ANCHORAGE AK 99503
Diedre Williams	officer: SVP, Operations	C/O ALASKA COMMUNICATIONS SYSTEMS 600 TELEPHONE AVE. ANCHORAGE AK 99503
Laurie Butcher	officer: Chief Financial Officer	600 TELEPHONE AVENUE ANCHORAGE AK 99503
William H Bishop	officer: President and CEO	600 TELEPHONE AVE. MS #65 ANCHORAGE AK 99503
Brian A Ross	director	600 TELEPHONE AVE, MS#65, ANCHORAGE AK 99503
Peter D Aquino	director	MOTIENT CORP, 300 KNIGHTBRIDGE PARKWAY, LINCOLNSHIRE IL 60069
Benjamin Duster	director	200 E. 84ST, 8TH FLOOR, NEW YORK NY 10028