Caromet (BSE:ARMT) Long-Term Capital Lease Obligation : lei0.00 Mil (As of . 20)

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What is Caromet Long-Term Capital Lease Obligation?

Caromet's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was lei0.00 Mil.

Caromet Long-Term Capital Lease Obligation Historical Data

The historical data trend for Caromet'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.
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Caromet Long-Term Capital Lease Obligation Chart

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Long-Term Capital Lease Obligation

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Long-Term Capital Lease Obligation

Caromet (BSE:ARMT) 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.

Caromet Long-Term Capital Lease Obligation Related Terms

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Caromet (BSE:ARMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Caromet SA (BSE:ARMT) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

National Road DN 68, km 3, Caras-Severin, Caransebes, ROU

Website

https://www.caromet.ro

Caromet SA is engaged in the production of metallic items for industrial construction. It is engaged in the business of railway rolling stocks, hydro-mechanical equipment, metal structures, and welded assemblies.

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