Boewe Systec AG (STU:BSY) Long-Term Capital Lease Obligation : €26.2 Mil (As of Dec. 2008)

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What is Boewe Systec AG Long-Term Capital Lease Obligation?

Boewe Systec AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2008 was €26.2 Mil.

Boewe Systec AG's quarterly Long-Term Capital Lease Obligation increased from Dec. 2006 (€0.0 Mil) to Dec. 2007 (€1.1 Mil) and increased from Dec. 2007 (€1.1 Mil) to Dec. 2008 (€26.2 Mil).

Boewe Systec AG's annual Long-Term Capital Lease Obligation increased from Dec. 2006 (€0.0 Mil) to Dec. 2007 (€1.1 Mil) and increased from Dec. 2007 (€1.1 Mil) to Dec. 2008 (€26.2 Mil).

Boewe Systec AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Boewe Systec AG'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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Boewe Systec AG Long-Term Capital Lease Obligation Chart

Boewe Systec AG Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Long-Term Capital Lease Obligation

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27.72

0.77

1.14

26.20

Boewe Systec AG Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			27.72	0.77	-	1.14	26.20

Boewe Systec AG (STU:BSY) 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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Boewe Systec AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Boewe Systec AG (STU:BSY) » Definitions » Long-Term Capital Lease Obligation

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Address

Werner-von-Siemens-Street 1, Augsburg, DEU, 86159

Website

http://www.boewe-systec.de

Boewe Systec AG is a solutions provider for printing and mail processing centres. The company manufactures and markets inserting systems. It also offers card mailing systems, letter and flats sorting, intralogistics and reading technologies in the field of document processing. It provides services to classic transactional or direct mail applications, modern mail processing centers, intralogistics or serialization in the pharmaceutical industry.