Shire (SHPG) Long-Term Capital Lease Obligation : $357 Mil (As of Sep. 2018)

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What is Shire Long-Term Capital Lease Obligation?

Shire's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2018 was $357 Mil.

Shire's quarterly Long-Term Capital Lease Obligation increased from Mar. 2018 ($0 Mil) to Jun. 2018 ($339 Mil) and increased from Jun. 2018 ($339 Mil) to Sep. 2018 ($357 Mil).

Shire's annual Long-Term Capital Lease Obligation increased from Dec. 2015 ($12 Mil) to Dec. 2016 ($347 Mil) but then declined from Dec. 2016 ($347 Mil) to Dec. 2017 ($342 Mil).

Shire Long-Term Capital Lease Obligation Historical Data

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

Shire Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Long-Term Capital Lease Obligation

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12.20

347.20

341.70

Shire Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															342.10	341.70	-	338.80	357.30

Shire (NAS:SHPG) 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.

Shire Long-Term Capital Lease Obligation Related Terms

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Shire (SHPG) Business Description

Industry

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Address

Website

http://www.shire.com

Shire is a diversified, Ireland-based specialty drug firm. Shire has grown primarily through mergers and acquisitions, including the Transkaryotic Therapies acquisition in 2005, which established its genetic disease business with Replagal and Elaprase, and the merger with New River in 2007, which brought full rights to neuroscience drug Vyvanse. Shire completed the acquisition of ViroPharma (genetic diseases) in 2014, NPS Pharma (internal medicine) in 2015, and Baxalta (hematology, immunology, and oncology) and Dyax (genetic diseases) in 2016.

Executives

James H Cavanaugh

director

265 HOTHORPE LANE, VILLANOVA PA 19085