Bowl America (Bowl America) Long-Term Capital Lease Obligation

: $1.55 Mil (As of Mar. 2021)

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Bowl America's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2021 was $1.55 Mil.

Bowl America's quarterly Long-Term Capital Lease Obligation declined from Sep. 2020 ($1.63 Mil) to Dec. 2020 ($1.59 Mil) and declined from Dec. 2020 ($1.59 Mil) to Mar. 2021 ($1.55 Mil).

Bowl America's annual Long-Term Capital Lease Obligation stayed the same from Jun. 2018 ($0.00 Mil) to Jun. 2019 ($0.00 Mil) but then increased from Jun. 2019 ($0.00 Mil) to Jun. 2020 ($1.67 Mil).

Bowl America Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bowl America'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.

* Premium members only.

Bowl America Annual Data

Trend

Jun11

Jun12

Jun13

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Jun15

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Jun20

Long-Term Capital Lease Obligation

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1.67

Bowl America 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															1.71	1.67	1.63	1.59	1.55

Bowl America (AMEX:BWL.A) 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.

Bowl America Long-Term Capital Lease Obligation Related Terms

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Bowl America (Bowl America) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Bowl America Inc (AMEX:BWL.A) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

6446 Edsall Road, Alexandria, VA, USA, 22312

Website

http://www.bowl-america.com

Bowl America Inc is engaged in the entertainment business. The firm operates bowling centers, with food and beverage service in each center. Its offerings include bowling parties, cosmic bowling, leagues, and open bowling. In addition, each center sells retail bowling accessories. The company's bowling centers are located in Washington D.C, Baltimore, Maryland, Richmond, Virginia, Jacksonville, and Florida. Its principal source of revenue consists of fees charged for the use of bowling lanes and other facilities.

Executives

Gloria Bragg	director	6446 EDSALL ROAD ALEXANDRIA VA 22312
Merle Fabian	director, 10 percent owner
Nancy Hull	director	C/O BOWL AMERICA INCORPORATED 6446 EDSALL ROAD ALEXANDRIA VA 22312
Arthur H. Bill	director	6844 GLENBROOK ROAD BETHESDA MD 20814
Leslie H Goldberg	director, 10 percent owner, officer: President
Stanley H Katzman	director, 10 percent owner

Bowl America (Bowl America) Headlines

From GuruFocus

Bowl America: Prudent Management with No Debt and Minimal Rent

By Mark Lin Mark Lin • 12-09-2012