Loral Spacemmunications (FRA:1L8) Long-Term Capital Lease Obligation : €0.00 Mil (As of Sep. 2021)

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What is Loral Spacemmunications Long-Term Capital Lease Obligation?

Loral Spacemmunications's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2021 was €0.00 Mil.

Loral Spacemmunications's annual Long-Term Capital Lease Obligation increased from Dec. 2018 (€0.00 Mil) to Dec. 2019 (€0.31 Mil) but then declined from Dec. 2019 (€0.31 Mil) to Dec. 2020 (€0.00 Mil).

Loral Spacemmunications Long-Term Capital Lease Obligation Historical Data

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

Loral Spacemmunications Annual Data

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Long-Term Capital Lease Obligation

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0.31

Loral Spacemmunications Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Loral Spacemmunications (FRA:1L8) 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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Loral Spacemmunications (FRA:1L8) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Loral Space & Communications Inc (FRA:1L8) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

600 Fifth Avenue, New York, NY, USA, 10020

Website

http://www.loral.com

Loral Space & Communications Inc is a provider of satellite-based communications services. The firm generates revenue from two main sources: broadcast services and enterprise services. The former includes video distribution and contribution for broadcasters and cable networks. The latter offers telecommunication carrier and integrator services, two-way Internet services, and maritime and aeronautical services for carriers, and communications providers. A large majority of the firm's revenue is generated in the United States and Canada, with the rest coming from Latin America, Europe, and the Middle East and Africa.

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