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AeroVironment Inc  (NAS:AVAV) Capital Lease Obligation: $0.2 Mil (As of Apr. 2017)

AeroVironment Inc's long-term capital lease obligation for the quarter that ended in Apr. 2017 was $0.2 Mil.

AeroVironment Inc's quarterly long-term capital lease obligation declined from Oct. 2016 ($0.3 Mil) to Jan. 20 ($0.2 Mil) and declined from Jan. 20 ($0.2 Mil) to Apr. 2017 ($0.2 Mil).

AeroVironment Inc's annual long-term capital lease obligation increased from Apr. 2015 ($0.0 Mil) to Apr. 2016 ($0.4 Mil) but then declined from Apr. 2016 ($0.4 Mil) to Apr. 2017 ($0.2 Mil).


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

AeroVironment Inc Annual Data

Apr08 Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 Apr16 Apr17
Capital Lease Obligation Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.45 0.16

AeroVironment Inc Quarterly Data

Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17
Capital Lease Obligation Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.45 0.36 0.28 0.22 0.16

Calculation

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.


Explanation

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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