Westfield (ASX:WFD) Long-Term Capital Lease Obligation : A$49 Mil (As of Dec. 2017)

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What is Westfield Long-Term Capital Lease Obligation?

Westfield's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2017 was A$49 Mil.

Westfield's quarterly Long-Term Capital Lease Obligation declined from Dec. 2016 (A$54 Mil) to Jun. 2017 (A$0 Mil) but then increased from Jun. 2017 (A$0 Mil) to Dec. 2017 (A$49 Mil).

Westfield's annual Long-Term Capital Lease Obligation declined from Dec. 2015 (A$54 Mil) to Dec. 2016 (A$54 Mil) and declined from Dec. 2016 (A$54 Mil) to Dec. 2017 (A$49 Mil).

Westfield Long-Term Capital Lease Obligation Historical Data

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

Westfield Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Long-Term Capital Lease Obligation

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42.90

39.87

54.34

54.04

49.36

Westfield Semi-Annual Data
	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															54.34	-	54.04	-	49.36

Westfield (ASX:WFD) 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.

Westfield Long-Term Capital Lease Obligation Related Terms

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Westfield (ASX:WFD) Business Description

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Website

http://www.westfieldcorp.com

Westfield is one of the largest global retail REITs, with interests in 35 malls with a gross value of USD 21.4 billion and external assets under management of USD 13 billion. Westfield's passive investments generate about 80% of group EBIT, with the balance derived from management fees and development income. It differs from peers by developing malls in signature locations, and aims to make each of its assets into a destination centre, with comprehensive entertainment facilities and premium retailers.

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