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ERF Wireless (ERF Wireless) Long-Term Capital Lease Obligation : $0.14 Mil (As of Sep. 2014)


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What is ERF Wireless Long-Term Capital Lease Obligation?

ERF Wireless's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2014 was $0.14 Mil.

ERF Wireless's quarterly Long-Term Capital Lease Obligation declined from Mar. 2014 ($0.13 Mil) to Jun. 2014 ($0.11 Mil) but then increased from Jun. 2014 ($0.11 Mil) to Sep. 2014 ($0.14 Mil).

ERF Wireless's annual Long-Term Capital Lease Obligation declined from Dec. 2011 ($0.31 Mil) to Dec. 2012 ($0.21 Mil) and declined from Dec. 2012 ($0.21 Mil) to Dec. 2013 ($0.17 Mil).

ERF Wireless Long-Term Capital Lease Obligation Historical Data

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

ERF Wireless Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.79 0.34 0.31 0.21 0.17

ERF Wireless Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.23 0.17 0.13 0.11 0.14

ERF Wireless  (OTCPK:ERFB) 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.

ERF Wireless Long-Term Capital Lease Obligation Related Terms

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ERF Wireless (ERF Wireless) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ERF Wireless Inc (OTCPK:ERFB) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
13500 Noel Road, Suite 436, Dallas, TX, USA, 75240
Website
http://www.erfwireless.com
ERF Wireless Inc provides critical infrastructure wireless broadband communications products and services to a broad spectrum of customers in primarily rural oil and gas exploration. It also provides high-quality broadband services and critical communications services to residential, oil and gas, educational, healthcare, and regional banks in rural areas utilizing. As a total comprehensive solutions provider, the group offers a wide array of critical communications services, including high-speed broadband, voice over Internet Protocol (VOIP) telephone and facsimile service, and video security. The business activities generally function in the areas of North America.