Corinthian Colleges (FRA:CH7) Long-Term Capital Lease Obligation : €9 Mil (As of Jun. 2013)

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What is Corinthian Colleges Long-Term Capital Lease Obligation?

Corinthian Colleges's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2013 was €9 Mil.

Corinthian Colleges's quarterly Long-Term Capital Lease Obligation increased from Jun. 2011 (€9 Mil) to Jun. 2012 (€10 Mil) but then declined from Jun. 2012 (€10 Mil) to Jun. 2013 (€9 Mil).

Corinthian Colleges's annual Long-Term Capital Lease Obligation increased from Jun. 2011 (€9 Mil) to Jun. 2012 (€10 Mil) but then declined from Jun. 2012 (€10 Mil) to Jun. 2013 (€9 Mil).

Corinthian Colleges Long-Term Capital Lease Obligation Historical Data

The historical data trend for Corinthian Colleges'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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Corinthian Colleges Long-Term Capital Lease Obligation Chart

Corinthian Colleges Annual Data

Trend

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Long-Term Capital Lease Obligation

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10.13

11.15

9.01

9.75

8.63

Corinthian Colleges Semi-Annual Data
	Jun98	Jun99	Jun00	Jun01	Jun02	Jun03	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											10.13	11.15	9.01	9.75	8.63

Corinthian Colleges (FRA:CH7) 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.

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Corinthian Colleges (FRA:CH7) Business Description

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Address

Website

http://www.cci.edu

Corinthian Colleges Inc is a post-secondary education company in the United States and Canada. It offers diploma programs and associate, bachelors and master's degrees through a single operating segment. As of June 30, 2013, it has a student enrollment of 81,284 and operated 97 schools in 25 states, and 14 schools in the province of Ontario, Canada. The Company has acquired 76 colleges including the Heald acquisition and has opened 35 branch campuses. Its training program areas include healthcare, criminal justice, business, mechanical, trades, and information technology. The Company's diploma programs provide students with the requisite knowledge and job skills for entry-level positions in their chosen career.Key elements of its operating strategy includes emphasize Student Outcomes, create an Effective Learning Environment, focus on Attractive Markets, manage School and Program Performance, Standardize Key Business Processes and Centralize Key Functions.

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