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GuruFocus has detected 6 Warning Signs with Mercer International Inc $MERC.
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Mercer International Inc (NAS:MERC)
Capital Lease Obligation
$26.3 Mil (As of Mar. 2017)

Mercer International Inc's long-term capital lease obligation for the quarter that ended in Mar. 2017 was $26.3 Mil.

Mercer International Inc's quarterly long-term capital lease obligation increased from Sep. 2016 ($22.6 Mil) to Dec. 2016 ($26.5 Mil) but then declined from Dec. 2016 ($26.5 Mil) to Mar. 2017 ($26.3 Mil).

Mercer International Inc's annual long-term capital lease obligation declined from Dec. 2014 ($15.3 Mil) to Dec. 2015 ($12.3 Mil) but then increased from Dec. 2015 ($12.3 Mil) to Dec. 2016 ($26.5 Mil).


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.


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.

Historical Data

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

Mercer International Inc Annual Data

LongTermCapitalLeaseObligation 13.115.717.416.016.918.419.315.312.326.5

Mercer International Inc Quarterly Data

LongTermCapitalLeaseObligation 15.313.613.213.312.312.312.022.626.526.3
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