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NetSuite Inc (NYSE:N)
Long-Term Capital Lease Obligation
$0.0 Mil (As of Jun. 2014)

NetSuite Inc's long-term capital lease obligation for the quarter that ended in Jun. 2014 was $0.0 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 own currency.

NetSuite Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
LongTermCapitalLeaseObligation 0.00.00.00.00.00.00.00.00.00.0

NetSuite Inc Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
LongTermCapitalLeaseObligation 0.00.00.00.00.00.00.00.00.00.0
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