Metro Global Media (Metro Global Media) Long-Term Capital Lease Obligation : $0.03 Mil (As of Nov. 2001)

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What is Metro Global Media Long-Term Capital Lease Obligation?

Metro Global Media's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2001 was $0.03 Mil.

Metro Global Media's quarterly Long-Term Capital Lease Obligation declined from May. 2001 ($0.09 Mil) to Aug. 2001 ($0.04 Mil) and declined from Aug. 2001 ($0.04 Mil) to Nov. 2001 ($0.03 Mil).

Metro Global Media's annual Long-Term Capital Lease Obligation increased from May. 2099 ($0.00 Mil) to May. 2000 ($0.33 Mil) but then declined from May. 2000 ($0.33 Mil) to May. 2001 ($0.09 Mil).

Metro Global Media Long-Term Capital Lease Obligation Historical Data

The historical data trend for Metro Global Media'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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Metro Global Media Long-Term Capital Lease Obligation Chart

Metro Global Media Annual Data

Trend

May92

May93

May94

May95

May96

May97

May98

May99

May00

May01

Long-Term Capital Lease Obligation

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0.33

0.09

Metro Global Media Quarterly Data
	Feb97	May97	Aug97	Nov97	Feb98	May98	Aug98	Nov98	Feb99	May99	Aug99	Nov99	Feb00	May00	Aug00	Nov00	Feb01	May01	Aug01	Nov01
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.16	0.08	0.09	0.04	0.03

Metro Global Media (GREY:MGMA) 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.

Metro Global Media Long-Term Capital Lease Obligation Related Terms

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Metro Global Media (Metro Global Media) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Metro Global Media Inc (GREY:MGMA) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

1060 Park Avenue, Cranston, RI, USA, 02910

Website

http://www.metroglobal.com

Metro Global Media Inc operates in the media industry in United States. The company is a multimedia, mass marketing company that produces adult film, video, and internet entertainment. The firm also publishes and distributes magazines.

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