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Kratos Defense & Security Solutions, Inc.'s long-term capital lease obligation for the quarter that ended in Dec. 2013 was $0.1 Mil.
Kratos Defense & Security Solutions, Inc.'s quarterly long-term capital lease obligation stayed the same from Jun. 2013 ($0.0 Mil) to Sep. 2013 ($0.0 Mil) but then increased from Sep. 2013 ($0.0 Mil) to Dec. 2013 ($0.1 Mil).
Kratos Defense & Security Solutions, Inc.'s annual long-term capital lease obligation declined from Dec. 2011 ($0.7 Mil) to Dec. 2012 ($0.4 Mil) and declined from Dec. 2012 ($0.4 Mil) to Dec. 2013 ($0.1 Mil).
Capital lease obligations 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 current portion of a capital lease obligation is the portion of a long-term capital lease 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;
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
Kratos Defense & Security Solutions, Inc. Annual Data
Kratos Defense & Security Solutions, Inc. Quarterly Data