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AZ Electronic Materials (FRA:OAZ) Long-Term Capital Lease Obligation : €0.0 Mil (As of Dec. 2013)


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What is AZ Electronic Materials Long-Term Capital Lease Obligation?

AZ Electronic Materials's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2013 was €0.0 Mil.


AZ Electronic Materials Long-Term Capital Lease Obligation Historical Data

The historical data trend for AZ Electronic Materials'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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AZ Electronic Materials Long-Term Capital Lease Obligation Chart

AZ Electronic Materials Annual Data
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AZ Electronic Materials  (FRA:OAZ) 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.

AZ Electronic Materials Long-Term Capital Lease Obligation Related Terms

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AZ Electronic Materials (FRA:OAZ) Business Description

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AZ Electronic Materials SA is a Luxembourg- based company engaged in producing and supplying specialty chemicals. It focuses on three business areas Integrated Circuits which involves dielectrics, underlayers, yield enhancers, CMP slurries and pattern enhancers, Display Materials and AZ products such as specialty chemicals and materials used in integrated circuits and devise as well as flat panel displays and photolithographic printing.

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