Caspian Services (Caspian Services) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2016)

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What is Caspian Services Long-Term Capital Lease Obligation?

Caspian Services's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2016 was $0.00 Mil.

Caspian Services Long-Term Capital Lease Obligation Historical Data

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

Caspian Services Annual Data

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Long-Term Capital Lease Obligation

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Caspian Services Quarterly Data
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Caspian Services (OTCPK:CSSV) 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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Caspian Services (Caspian Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Caspian Services Inc (OTCPK:CSSV) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

2319 Foothill Drive, Suite 160, Salt Lake City, UT, USA, 84109

Website

http://www.caspianservicesinc.com

Caspian Services Inc provides oilfield services to oil & gas industry in Kazakhstan. The company operates in three reportable segments including Vessel operations, Geophysical services, and Marine base services. Vessel operations consist of chartering a fleet of shallow draft offshore support vessels to customers performing oil and gas exploration activities in the Caspian Sea. Geophysical services consist of providing seismic data acquisition services to oil and gas companies operating onshore in Kazakhstan. Marine base service consists of operating a marine base with a boat repair and drydocking services yard located at the port of Bautino on the North Caspian Sea. It generates the majority of the revenue from Vessel operations segment.

Executives

Bakhytbek R Baiseitov	10 percent owner	291/21, DOSKYK AVE,, ALMATY 1P 050020
Mark Donegan	10 percent owner	STIRLING SQUARE, 7 CARLTON GARDENS, LONDON X0 SW1Y 5AD
Mirgali Kunayev	director, 10 percent owner	C/O LERNER & KAPLAN PLLC, 4121 18TH AVENUE, BROOKLYN NY 11218

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