WRIT Media Group (WRIT Media Group) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2017)

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What is WRIT Media Group Long-Term Capital Lease Obligation?

WRIT Media Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2017 was $0.00 Mil.

WRIT Media Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for WRIT Media Group'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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WRIT Media Group Long-Term Capital Lease Obligation Chart

WRIT Media Group Annual Data

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Long-Term Capital Lease Obligation

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WRIT Media Group Quarterly Data
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WRIT Media Group (OTCPK:WRIT) 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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WRIT Media Group (WRIT Media Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » WRIT Media Group Inc (OTCPK:WRIT) » Definitions » Long-Term Capital Lease Obligation

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Address

1980 Festival Plaza Drive, Suite 300, Las Vegas, NV, USA, 89135

Website

https://www.writmediagroup.com

WRIT Media Group Inc is a part of the media industry. It is mainly engaged in producing films, television programs, and similar entertainment programs for various media formats. It is a content creation company, which produces, acquires, licenses, and distributes music-related content in three-dimensional (3-D), and ultra-high definition (4K) for initial worldwide digital broadcast into digitally-enabled movie theatres. It also licenses classic pre-Windows computer game libraries and adapts, and republishes titles for smartphones, game consoles, personal computers, tablets, and other television streaming devices.

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