AAP (AAPJ) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2000)

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What is AAP Long-Term Capital Lease Obligation?

AAP's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2000 was $0.00 Mil.

AAP Long-Term Capital Lease Obligation Historical Data

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

AAP Annual Data

Trend

Dec95

Dec96

Dec97

Dec98

Long-Term Capital Lease Obligation

AAP Quarterly Data
	Sep95	Dec95	Mar96	Jun96	Sep96	Dec96	Mar97	Jun97	Sep97	Dec97	Mar98	Jun98	Sep98	Dec98	Mar99	Jun99	Sep99	Mar00	Jun00	Sep00
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

AAP (OTCPK:AAPJ) 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.

AAP Long-Term Capital Lease Obligation Related Terms

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