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Penn National Gaming Inc (NAS:PENN)
Long-Term Capital Lease Obligation
$3,499 Mil (As of Mar. 2016)

Penn National Gaming Inc's long-term capital lease obligation for the quarter that ended in Mar. 2016 was $3,499 Mil.

Penn National Gaming Inc's quarterly long-term capital lease obligation increased from Sep. 2015 ($0 Mil) to Dec. 2015 ($3,514 Mil) but then declined from Dec. 2015 ($3,514 Mil) to Mar. 2016 ($3,499 Mil).

Penn National Gaming Inc's annual long-term capital lease obligation increased from Dec. 2013 ($0 Mil) to Dec. 2014 ($3,565 Mil) but then declined from Dec. 2014 ($3,565 Mil) to Dec. 2015 ($3,514 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;
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.

Penn National Gaming Inc Annual Data

LongTermCapitalLeaseObligation 000000003,5653,514

Penn National Gaming Inc Quarterly Data

LongTermCapitalLeaseObligation 00003,5650003,5143,499
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