Meito Transportation Co (FRA:MTD) Long-Term Capital Lease Obligation : €0.0 Mil (As of Jun. 2015)

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What is Meito Transportation Co Long-Term Capital Lease Obligation?

Meito Transportation Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2015 was €0.0 Mil.

Meito Transportation Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2014 (€0.0 Mil) to Mar. 2015 (€7.6 Mil) but then declined from Mar. 2015 (€7.6 Mil) to Jun. 2015 (€0.0 Mil).

Meito Transportation Co's annual Long-Term Capital Lease Obligation increased from Mar. 2013 (€4.2 Mil) to Mar. 2014 (€6.0 Mil) and increased from Mar. 2014 (€6.0 Mil) to Mar. 2015 (€7.6 Mil).

Meito Transportation Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Meito Transportation Co'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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Meito Transportation Co Long-Term Capital Lease Obligation Chart

Meito Transportation Co Annual Data

Trend

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Long-Term Capital Lease Obligation

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6.42

5.30

4.23

6.01

7.56

Meito Transportation Co Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	7.56	-

Meito Transportation Co (FRA:MTD) 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.

Meito Transportation Co Long-Term Capital Lease Obligation Related Terms

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Meito Transportation Co (FRA:MTD) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Meito Transportation Co Ltd (FRA:MTD) » Definitions » Long-Term Capital Lease Obligation

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Address

Website

http://www.meiun.co.jp

Meito Transportation Co., Ltd. operates as a food distribution company in Japan. Its services include general truck transport, truck transport forwarding, and truck repair.