Egyptian Iron and Steel (CAI:IRON) Long-Term Capital Lease Obligation : E£0.00 Mil (As of . 20)

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What is Egyptian Iron and Steel Long-Term Capital Lease Obligation?

Egyptian Iron and Steel's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was E£0.00 Mil.

Egyptian Iron and Steel Long-Term Capital Lease Obligation Historical Data

The historical data trend for Egyptian Iron and Steel'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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Egyptian Iron and Steel Long-Term Capital Lease Obligation Chart

Egyptian Iron and Steel Annual Data

Trend

Long-Term Capital Lease Obligation

Egyptian Iron and Steel Quarterly Data

Long-Term Capital Lease Obligation

Egyptian Iron and Steel (CAI:IRON) 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.

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Egyptian Iron and Steel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Egyptian Iron and Steel (CAI:IRON) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

54 Abdel Khalek Tharwat Street, Cairo, EGY

Website

http://www.hadisolb.com

Egyptian Iron and Steel manufacturers iron and steel products. Its product line includes pig iron, hot-rolled bars, beams and angles, hot-rolled coils, strip sheets and plates, and cold-formed sections and rails, among others.