IPSCO Tubulars (IPSCO Tubulars) Long-Term Capital Lease Obligation : $0.0 Mil (As of Sep. 2017)

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What is IPSCO Tubulars Long-Term Capital Lease Obligation?

IPSCO Tubulars's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2017 was $0.0 Mil.

IPSCO Tubulars Long-Term Capital Lease Obligation Historical Data

The historical data trend for IPSCO Tubulars'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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IPSCO Tubulars Long-Term Capital Lease Obligation Chart

IPSCO Tubulars Annual Data

Trend

Dec15

Dec16

Long-Term Capital Lease Obligation

IPSCO Tubulars Quarterly Data
	Dec15	Dec16	Sep17
Long-Term Capital Lease Obligation	-	-	-

IPSCO Tubulars (NYSE:IPSC) 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.

IPSCO Tubulars Long-Term Capital Lease Obligation Related Terms

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IPSCO Tubulars (IPSCO Tubulars) Business Description

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GURUFOCUS.COM » STOCK LIST » IPSCO Tubulars Inc (NYSE:IPSC) » Definitions » Long-Term Capital Lease Obligation

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Website

http://www.ipsco.com

IPSCO Tubulars Inc produces and supplies seamless and welded oil country tubular goods (OCTG) with a suite of connections to North American oil and gas exploration and production companies. The company's product portfolio comprises of seamless and welded line, standard and industrial pipes as well as line pipes and mechanical tubing. The firm's products are used in various applications such as machine building, power generation, automobile production, agricultural, commercial construction and automotive industries. Geographically the company receives maximum revenue from the United States.