Omnova Solutions (Omnova Solutions) Long-Term Capital Lease Obligation : $24.0 Mil (As of Feb. 2020)

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What is Omnova Solutions Long-Term Capital Lease Obligation?

Omnova Solutions's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2020 was $24.0 Mil.

Omnova Solutions's quarterly Long-Term Capital Lease Obligation declined from Aug. 2019 ($14.3 Mil) to Nov. 2019 ($14.1 Mil) but then increased from Nov. 2019 ($14.1 Mil) to Feb. 2020 ($24.0 Mil).

Omnova Solutions's annual Long-Term Capital Lease Obligation declined from Nov. 2017 ($15.5 Mil) to Nov. 2018 ($14.9 Mil) and declined from Nov. 2018 ($14.9 Mil) to Nov. 2019 ($14.1 Mil).

Omnova Solutions Long-Term Capital Lease Obligation Historical Data

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

Omnova Solutions Annual Data

Trend

Nov10

Nov11

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Long-Term Capital Lease Obligation

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16.70

16.10

15.50

14.90

14.10

Omnova Solutions Quarterly Data
	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															14.60	14.40	14.30	14.10	24.00

Omnova Solutions (NYSE:OMN) 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.

Omnova Solutions Long-Term Capital Lease Obligation Related Terms

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Omnova Solutions (Omnova Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Omnova Solutions Inc (NYSE:OMN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

25435 Harvard Road, Beachwood, OH, USA, 44122-6201

Website

https://www.omnova.com

Omnova Solutions Inc manufactures and sells a variety of chemicals and chemical-based products. The firm organizes itself into two segments based on the product type. Its performance materials segment, which sells latex, lubricants, plastics, and powders used in the production of paper and packaging materials, carpets, tires, cords, synthetic latex gloves, and rubber products. The specialty chemical segment sells vinyl acrylics, styrene, plastic pigments, and polyethylene resins used in the production of textiles, oil and gas, coatings, construction materials, and personal care products. It generates a majority of revenue from the Specialty Solutions segment. Geographically, the company's majority of revenue comes from the United States.

Executives

Anne P Noonan	officer: President & CEO	25435 HARVARD RD, BEACHWOOD OH 44122
Allan R Rothwell	director	C/O COMPASS MINERALS, 9900 WEST 109TH STREET, SUITE 600, OVERLAND PARK KS 66210
James A Mitarotonda	director	888 SEVENTH AVENUE 17TH FL, NEW YORK NY 10019
Joseph M Gingo	director	3550 WEST MARKET STREET, AKRON OH 44333
Michael J Merriman	director	C/O RC2 CORPORATION, 1111 WEST 22ND STREET, SUITE 320, OAK BROOK IL 60523
David J Dantoni	director	C/O COMPASS MINERALS, 9900 WEST 109TH STREET, SUITE 600, OVERLAND PARK KS 66210
Janet Plaut Giesselman	director	25435 HARVARD RD., BEACHWOOD OH 44122
Larry B Porcellato	director	ICI PAINTS, 15885 SPRAGUE ROAD, CLEVELAND OH 44136
Paul F Desantis	officer: SVP, CFO; Treasurer	25435 HARVARD RD, BEACHWOOD OH 44122-6201
Donald B. Mcmillan	officer: Chief Accounting Officer	25435 HARVARD RD, BEACHWOOD OH 44122
Robert A Stefanko	director	3550 W MARKET ST, AKRON OH 44333
Edward P Campbell	director	C/O KEYCORP, 127 PUBLIC SQUARE, CLEVELAND OH 44114
David A. Daberko	director	C/O MARATHON PETROLEUM CORPORATION, 539 S. MAIN STREET, FINDLAY OH 45840
Gregory T Troy	officer: Senior VP Human Resources	C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002