Ameri Metro (Ameri Metro) Long-Term Capital Lease Obligation : $0.00 Mil (As of . 20)

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What is Ameri Metro Long-Term Capital Lease Obligation?

Ameri Metro's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was $0.00 Mil.

Ameri Metro Long-Term Capital Lease Obligation Historical Data

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

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Long-Term Capital Lease Obligation

Ameri Metro Quarterly Data

Long-Term Capital Lease Obligation

Ameri Metro (OTCPK:ARMT) 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.

Ameri Metro Long-Term Capital Lease Obligation Related Terms

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Ameri Metro (Ameri Metro) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ameri Metro Inc (OTCPK:ARMT) » Definitions » Long-Term Capital Lease Obligation

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Address

2575 Eastern Boulevard, Suite 211, York, PA, USA, 17402

Website

http://www.ameri-metro.com

Ameri Metro Inc is a United States based company engaged in the development of high-speed rail for passenger and freight transportation and related and ancillary transportation businesses. The elements of the infrastructure projects in which the company is focused nationally include the development of trade and transportation corridors, high-speed rail, transportation infrastructure and supporting transportation systems.

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