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Convergys (Convergys) Long-Term Capital Lease Obligation : $0 Mil (As of Jun. 2018)


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What is Convergys Long-Term Capital Lease Obligation?

Convergys's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2018 was $0 Mil.


Convergys Long-Term Capital Lease Obligation Historical Data

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

Convergys Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Long-Term Capital Lease Obligation
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Convergys Quarterly Data
Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18
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Convergys  (NYSE:CVG) 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.

Convergys Long-Term Capital Lease Obligation Related Terms

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Convergys (Convergys) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Convergys is an operator of contact centers offering customer-management services. The services include sales, customer services, technical support, customer retention, collection services, and analytics. Convergys provides its services to a wide range of industries, such as utilities, travel and hospitality, automotive, communications and media, technology, financial services, healthcare, retail, and insurance. The revenue stream is North America, and the company relies on just a few contracts for a large part of its sales.
Executives
Andrea J. Ayers director, officer: President & CEO STANLEY BLACK & DECKER, IN., 1000 STANLEY DRIVE, NEW BRITAIN CT 06053
Thomas L Monahan director 2000 PENNSYLVANIA AVE NW, WASHINGTON DC 20006
Joan E Herman director
Jeffrey H Fox director ONE ALLIED DRIVE, LITTLE ROCK AR 72202
Ronald L Nelson director
Knowling Robert E Jr director C/O HEWLETT-PACKARD CO, 3000 HANOVER STREET, PALO ALTO CA 94304
Cheryl K Beebe director CORN PRODUCTS INTERNATIONAL INC, 5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Marjorie Mary Connelly officer: COO 2580 PALMER DR, KESWICK VA 22947
Richard F Wallman director HONEYWELL, 101 COLUMBIA ROAD, MORRISTOWN NJ 07962
John F Barrett director
Brian James Delaney officer: Chief Operating Officer C/O SERVICESOURCE INTERNATIONAL, INC., 760 MARKET STREET, #400, SAN FRANCISCO CA 94102
Barry Christine Timmins officer: Senior Vice President C/O ENDURANCE INTERNATIONAL GROUP 10 CORPORATE DRIVE BURLINGTON MA 01803
Philip A Odeen director N/A, N/A OH 45202
Earl C Shanks officer: CFO CONVERGYS CORPORATION, 201 EAST FOURTH STREET, CINCINNATI OH 45202
Robert A Lento officer: Senior Vice President