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Songbird Estates (LSE:SBD) Long-Term Capital Lease Obligation : £0.0 Mil (As of Jun. 2014)


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What is Songbird Estates Long-Term Capital Lease Obligation?

Songbird Estates's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2014 was £0.0 Mil.


Songbird Estates Long-Term Capital Lease Obligation Historical Data

The historical data trend for Songbird Estates'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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Songbird Estates Long-Term Capital Lease Obligation Chart

Songbird Estates Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 41.30 41.60 - - -

Songbird Estates Semi-Annual Data
Dec04 Jun05 Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Songbird Estates  (LSE:SBD) 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.

Songbird Estates Long-Term Capital Lease Obligation Related Terms

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Songbird Estates (LSE:SBD) Business Description

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Songbird Estates PLC was incorporated on February 13, 2004 in England and Wales. The Company, through its subsidiary, Canary Wharf Group is engaged in property investment and development and is currently focused on the development of the Estate and an adjacent development to the east of Canary Wharf.

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