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GuruFocus has detected 6 Warning Signs with LVMH Moet Hennessy Louis Vuitton SE $LVMUY.
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LVMH Moet Hennessy Louis Vuitton SE (OTCPK:LVMUY)
Capital Lease Obligation
$0 Mil (As of Jun. 2016)

LVMH Moet Hennessy Louis Vuitton SE's long-term capital lease obligation for the quarter that ended in Jun. 2016 was $0 Mil.

LVMH Moet Hennessy Louis Vuitton SE's quarterly long-term capital lease obligation declined from Jun. 2015 ($345 Mil) to Dec. 2015 ($143 Mil) and declined from Dec. 2015 ($143 Mil) to Jun. 2016 ($0 Mil).

LVMH Moet Hennessy Louis Vuitton SE's annual long-term capital lease obligation declined from Dec. 2013 ($149 Mil) to Dec. 2014 ($143 Mil) and declined from Dec. 2014 ($143 Mil) to Dec. 2015 ($143 Mil).


Definition

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.


Explanation

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.

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

LVMH Moet Hennessy Louis Vuitton SE Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
LongTermCapitalLeaseObligation 00000175160149143143

LVMH Moet Hennessy Louis Vuitton SE Semi-Annual Data

Dec11Jun12Dec12Jun13Dec13Jun14Dec14Jun15Dec15Jun16
LongTermCapitalLeaseObligation 175016001494131433451430
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