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Fantex (Fantex) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2016)


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What is Fantex Long-Term Capital Lease Obligation?

Fantex's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2016 was $0.00 Mil.


Fantex Long-Term Capital Lease Obligation Historical Data

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

Fantex Annual Data
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Fantex Quarterly Data
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Fantex  (GREY:VNDSL) 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.

Fantex Long-Term Capital Lease Obligation Related Terms

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Fantex (Fantex) Business Description

Traded in Other Exchanges
N/A
Address
330 Townsend Street, Suite 234, San Francisco, CA, USA, 94107
Fantex Inc is a marketing services provider in the United States. Its range of operations covers brand acquisition, marketing and brand development in the interest of professional athletes, entertainers, and other high-profile individuals. Fantex's strategy revolves around 3 pillars; Evaluation, Acquisition, and Enhancement. Evaluation is the analysis done before the company enters a brand agreement. Acquisition relates to the initial steps of acquiring a brand such as negotiation of brand price etc and Enhancing Brand Value is where the company builds a portfolio of brands and enhances them with the help of technology and data applications.

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