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CMA (ASX:CMV) Long-Term Capital Lease Obligation : A$0.2 Mil (As of Jun. 2012)


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What is CMA Long-Term Capital Lease Obligation?

CMA's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2012 was A$0.2 Mil.

CMA's quarterly Long-Term Capital Lease Obligation declined from Jun. 2010 (A$18.1 Mil) to Jun. 2011 (A$9.8 Mil) and declined from Jun. 2011 (A$9.8 Mil) to Jun. 2012 (A$0.2 Mil).

CMA's annual Long-Term Capital Lease Obligation declined from Jun. 2010 (A$18.1 Mil) to Jun. 2011 (A$9.8 Mil) and declined from Jun. 2011 (A$9.8 Mil) to Jun. 2012 (A$0.2 Mil).


CMA Long-Term Capital Lease Obligation Historical Data

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

CMA Annual Data
Trend Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial 25.67 28.52 18.13 9.83 0.25

CMA Semi-Annual Data
Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12
Long-Term Capital Lease Obligation Get a 7-Day Free Trial 25.67 28.52 18.13 9.83 0.25

CMA  (ASX:CMV) 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.

CMA Long-Term Capital Lease Obligation Related Terms

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CMA (ASX:CMV) Business Description

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CMA Corp Ltd is an integrated recycling group that provides products and services through a network of over 31 modern recycling facilities in Australia, Asia and North America. The group's major activities are the processing and recycling of predominantly secondary ferrous and non-ferrous metal products. The company also provides end-to-end recycling solutions.

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