Affinity Education Group (FRA:A0J) Long-Term Capital Lease Obligation : €0.0 Mil (As of Jun. 2015)

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What is Affinity Education Group Long-Term Capital Lease Obligation?

Affinity Education Group's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2015 was €0.0 Mil.

Affinity Education Group's quarterly Long-Term Capital Lease Obligation increased from Jun. 2014 (€0.0 Mil) to Dec. 2014 (€0.2 Mil) but then declined from Dec. 2014 (€0.2 Mil) to Jun. 2015 (€0.0 Mil).

Affinity Education Group's annual Long-Term Capital Lease Obligation stayed the same from . 20 (€0.0 Mil) to . 20 (€0.0 Mil) but then increased from . 20 (€0.0 Mil) to Dec. 2014 (€0.2 Mil).

Affinity Education Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Affinity Education Group'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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Affinity Education Group Long-Term Capital Lease Obligation Chart

Affinity Education Group Annual Data

Trend

Dec14

Long-Term Capital Lease Obligation

0.22

Affinity Education Group Semi-Annual Data
	Jun14	Dec14	Jun15
Long-Term Capital Lease Obligation	-	0.22	-

Affinity Education Group (FRA:A0J) 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.

Affinity Education Group Long-Term Capital Lease Obligation Related Terms

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Affinity Education Group (FRA:A0J) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Affinity Education Group Ltd (FRA:A0J) » Definitions » Long-Term Capital Lease Obligation

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Address

Website

http://investors.affinityeducation.com.au

Affinity Education Group Ltd was incorporated on 21st May, 2013. The Company provides education and care to children aged six weeks to 12 years. Provision of these services includes long day care, before and after school care and occasional care. Its segments include Long day care centers, Outside school-hours care, Family day care, and Occasional care. Long day care centers are set up to primarily offer care to below school age children with working parents. The care can be both full-and-part time. Outside school-hours care provides before and after school short-term care to children of primary school age. Vacation care is also considered part of this segment, providing child care services to parents during school holidays. Family day care is the only area of child care approved under the National Quality Framework that takes place outside of a center, with care provided in the home of an approved educator. This type of care can be all day, part time, occasional or outside school hours. Occasional care offers child care services for children on a casual basis. Centers offering occasional services are primarily set up to provide flexibility to parents with irregular working hours or short-term needs. As with family day care, occasional care is a capped program.

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