Integrated Drilling Equipment Holdings (Integrated Drilling Equipment Holdings) Long-Term Capital Lease Obligation : $0.12 Mil (As of Dec. 2014)

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What is Integrated Drilling Equipment Holdings Long-Term Capital Lease Obligation?

Integrated Drilling Equipment Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2014 was $0.12 Mil.

Integrated Drilling Equipment Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2014 ($0.15 Mil) to Sep. 2014 ($0.13 Mil) and declined from Sep. 2014 ($0.13 Mil) to Dec. 2014 ($0.12 Mil).

Integrated Drilling Equipment Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2012 ($0.03 Mil) to Dec. 2013 ($0.10 Mil) and increased from Dec. 2013 ($0.10 Mil) to Dec. 2014 ($0.12 Mil).

Integrated Drilling Equipment Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Integrated Drilling Equipment Holdings'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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Integrated Drilling Equipment Holdings Long-Term Capital Lease Obligation Chart

Integrated Drilling Equipment Holdings Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Long-Term Capital Lease Obligation

0.04

0.03

0.10

0.12

Integrated Drilling Equipment Holdings Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											0.10	0.17	0.15	0.13	0.12

Integrated Drilling Equipment Holdings (OTCPK:IRIG) 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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Integrated Drilling Equipment Holdings (Integrated Drilling Equipment Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Integrated Drilling Equipment Holdings Corp (OTCPK:IRIG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

25311 I-45 North, Woodpark Business Center, Spring, TX, USA, 77380

Website

http://www.ide-rig.com

Integrated Drilling Equipment Holdings Corp provides products and services to customers in the oil and gas industry both domestically and internationally. It operates in two segments: Electrical Products & Services and Drilling Products & Services.

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