iiNET (ASX:IIN) Long-Term Capital Lease Obligation : A$141 Mil (As of Jun. 2015)

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What is iiNET Long-Term Capital Lease Obligation?

iiNET's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2015 was A$141 Mil.

iiNET's quarterly Long-Term Capital Lease Obligation declined from Jun. 2014 (A$101 Mil) to Dec. 2014 (A$0 Mil) but then increased from Dec. 2014 (A$0 Mil) to Jun. 2015 (A$141 Mil).

iiNET's annual Long-Term Capital Lease Obligation declined from Jun. 2013 (A$120 Mil) to Jun. 2014 (A$101 Mil) but then increased from Jun. 2014 (A$101 Mil) to Jun. 2015 (A$141 Mil).

iiNET Long-Term Capital Lease Obligation Historical Data

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

iiNET Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Long-Term Capital Lease Obligation

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62.26

120.03

100.61

141.12

iiNET Semi-Annual Data
	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															120.03	-	100.61	-	141.12

iiNET (ASX:IIN) 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.

iiNET Long-Term Capital Lease Obligation Related Terms

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iiNET Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » iiNET Ltd (ASX:IIN) » Definitions » Long-Term Capital Lease Obligation

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Address

Website

http://www.iinet.net.au

iiNET Limited (IIN) was established in 1993 to deliver Internet access services to Western Australia. iiNet has 700,000 customers across Australia, NZ and Capetown. Internet and communication services offered include dialup, broadband and phone.