Castle Brands (Castle Brands) Long-Term Capital Lease Obligation : $0.08 Mil (As of Jun. 2019)

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What is Castle Brands Long-Term Capital Lease Obligation?

Castle Brands's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2019 was $0.08 Mil.

Castle Brands's quarterly Long-Term Capital Lease Obligation stayed the same from Dec. 2018 ($0.00 Mil) to Mar. 2019 ($0.00 Mil) but then increased from Mar. 2019 ($0.00 Mil) to Jun. 2019 ($0.08 Mil).

Castle Brands Long-Term Capital Lease Obligation Historical Data

The historical data trend for Castle Brands'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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Castle Brands Long-Term Capital Lease Obligation Chart

Castle Brands Annual Data

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Long-Term Capital Lease Obligation

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Castle Brands Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	0.08

Castle Brands (AMEX:ROX) 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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Castle Brands (Castle Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Castle Brands Inc (AMEX:ROX) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

122 East 42nd Street, Suite 5000, New York, NY, USA, 10168

Website

http://www.castlebrandsinc.com

Castle Brands Inc is a US based company engaged in developing and marketing premium and super premium brands in the beverage alcohol categories. Its product categories include rum, whiskey, liqueurs, vodka, tequila, wine, and other spirits, as well as ginger beer and ready-to-drink cocktails. Geographically business presence of the firm can be seen across the US and international market. The products are offered under Gosling's rum, Gosling's Stormy Ginger Beer, Jefferson's Bourbon, Jefferson's Reserve, Barrel Finished Cocktail, Jefferson's Presidential Select, Jefferson's Rye whiskey, Pallini liqueurs, Clontarf Irish whiskey, Knappogue Castle Whiskey, Brady's Irish Cream, Boru vodka, Gozio amaretto in many other brands. Castle derives revenue from the sale of these beverages.

Executives

Frost Phillip Md Et Al	director, 10 percent owner	4400 BISCAYNE BLVD, MIAMI FL 33137-3227
Frost Gamma Investments Trust	10 percent owner	4400 BISCAYNE BLVD, MIAMI FL 33137
Richard M Krasno	director	C/O OPKO HEALTH, INC., 4400 BISCAYNE BLVD., MIAMI FL 31337
Richard Lampen	director, officer: President and CEO	4400 BISCAYNE BLVD.; 10TH FLOOR, MIAMI FL 33137
Mark Zeitchick	director	GBI CAPITAL MANAGEMENT CORP, 1055 STEWART AVE, BETHPAGE NY 11714
Frost Nevada Investments Trust	10 percent owner	4400 BISCAYNE BOULEVARD, 15TH FLOOR, MIAMI FL 33137
Steven D Rubin	director	OPKO HEALTH, INC., 4400 BISCAYNE BLVD., MIAMI FL 33137
Henry C Beinstein	director	8 DOGWOOD LANE, LARCHMONT NY 10538-3418
Glenn L Halpryn	director	4400 BISCAYNE BOULEVARD, SUITE 950, MIAMI FL 33137
Harvey P Eisen	director	100 SOUTH BEDFORD ROAD, MT KISCO NY 10549
Vector Group Ltd	10 percent owner	4400 BISCAYNE BOULEVARD, 10TH FLOOR, MIAMI FL 33137
Robert J Flanagan	director	C/O SAGENT PHARMACEUTICALS, INC., 1901 NORTH ROSELLE ROAD, SUITE 700, SCHAUMBURG IL 60195
Seth Weinberg	officer: SVP, General Counsel&Secretary	C/O CASTLE BRANDS INC., 570 LEXINGTON AVENUE, NEW YORK NY 10022
Mellon Hbv Alternative Strategies Llc	10 percent owner	49 WEST MERRICK ROAD, SUITE 202, FREEPORT NY 11520