Mindo (BSE:MINO) Long-Term Capital Lease Obligation : lei0.00 Mil (As of . 20)

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What is Mindo Long-Term Capital Lease Obligation?

Mindo's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was lei0.00 Mil.

Mindo Long-Term Capital Lease Obligation Historical Data

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

Mindo Annual Data

Trend

Long-Term Capital Lease Obligation

Mindo Semi-Annual Data

Long-Term Capital Lease Obligation

Mindo (BSE:MINO) 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.

Mindo Long-Term Capital Lease Obligation Related Terms

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Mindo Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Mindo SA (BSE:MINO) » Definitions » Long-Term Capital Lease Obligation

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Address

Street Herta no. 45, Botosani, Dorohoi, ROU, 715200

Website

http://www.mindo.ro

Mindo SA is engaged in the production of sand. The company offers sand for use in glassware products and fine ceramics, glass yarns, technical glass products, foundries, electro technic products, dry mortars, and adhesives. It also provides adhesives for polystyrene; dry mortars and plasters; expanded polystyrene products; surfacing products; decorative plasters; and other building materials.