Molino CanuelasCIFIA (Molino CanuelasCIFIA) Long-Term Capital Lease Obligation : $6.04 Mil (As of Aug. 2017)

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What is Molino CanuelasCIFIA Long-Term Capital Lease Obligation?

Molino CanuelasCIFIA's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2017 was $6.04 Mil.

Molino CanuelasCIFIA's quarterly Long-Term Capital Lease Obligation increased from Nov. 2016 ($1.69 Mil) to May. 2017 ($6.37 Mil) but then declined from May. 2017 ($6.37 Mil) to Aug. 2017 ($6.04 Mil).

Molino CanuelasCIFIA's annual Long-Term Capital Lease Obligation declined from Nov. 2014 ($0.25 Mil) to Nov. 2015 ($0.05 Mil) but then increased from Nov. 2015 ($0.05 Mil) to Nov. 2016 ($1.69 Mil).

Molino CanuelasCIFIA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Molino CanuelasCIFIA'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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Molino CanuelasCIFIA Long-Term Capital Lease Obligation Chart

Molino CanuelasCIFIA Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Long-Term Capital Lease Obligation

0.52

0.25

0.05

1.69

Molino CanuelasCIFIA Quarterly Data
	Nov14	Nov15	May16	Aug16	Nov16	May17	Aug17
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	-	1.69	6.37	6.04

Molino CanuelasCIFIA (NYSE:MOLC) 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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Molino CanuelasCIFIA (Molino CanuelasCIFIA) Business Description

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