CanAm Coal (FRA:RHE) Long-Term Capital Lease Obligation : €9.67 Mil (As of Sep. 2014)

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What is CanAm Coal Long-Term Capital Lease Obligation?

CanAm Coal's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2014 was €9.67 Mil.

CanAm Coal's quarterly Long-Term Capital Lease Obligation increased from Mar. 2014 (€7.01 Mil) to Jun. 2014 (€9.64 Mil) and increased from Jun. 2014 (€9.64 Mil) to Sep. 2014 (€9.67 Mil).

CanAm Coal's annual Long-Term Capital Lease Obligation increased from Jan. 2011 (€1.14 Mil) to Dec. 2012 (€11.25 Mil) but then declined from Dec. 2012 (€11.25 Mil) to Dec. 2013 (€8.16 Mil).

CanAm Coal Long-Term Capital Lease Obligation Historical Data

The historical data trend for CanAm Coal'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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CanAm Coal Long-Term Capital Lease Obligation Chart

CanAm Coal Annual Data

Trend

Jan04

Jan05

Jan06

Jan07

Jan08

Jan09

Jan10

Jan11

Dec12

Dec13

Long-Term Capital Lease Obligation

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1.14

11.25

8.16

CanAm Coal Quarterly Data
	Oct09	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	8.16	7.01	9.64	9.67

CanAm Coal (FRA:RHE) 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.

CanAm Coal Long-Term Capital Lease Obligation Related Terms

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CanAm Coal (FRA:RHE) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » CanAm Coal Corp (FRA:RHE) » Definitions » Long-Term Capital Lease Obligation

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Address

1201-5th Street S W, Suite 202, Calgary, AB, CAN, T2R 0Y6

Website

http://www.canamcoal.com

CanAm Coal Corp acquires, explores and develops coal resources and resource related technologies. It owns and operates coal mines in Alabama. It also evaluates on an ongoing basis other coal and related opportunities.