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Cia Logistica de Hidrocarburos CLH (XMAD:CLH.T) Long-Term Capital Lease Obligation : €0.0 Mil (As of Sep. 2015)


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What is Cia Logistica de Hidrocarburos CLH Long-Term Capital Lease Obligation?

Cia Logistica de Hidrocarburos CLH's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2015 was €0.0 Mil.


Cia Logistica de Hidrocarburos CLH Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cia Logistica de Hidrocarburos CLH'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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Cia Logistica de Hidrocarburos CLH Long-Term Capital Lease Obligation Chart

Cia Logistica de Hidrocarburos CLH Annual Data
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Long-Term Capital Lease Obligation
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Cia Logistica de Hidrocarburos CLH Quarterly Data
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Cia Logistica de Hidrocarburos CLH  (XMAD:CLH.T) 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.

Cia Logistica de Hidrocarburos CLH Long-Term Capital Lease Obligation Related Terms

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Cia Logistica de Hidrocarburos CLH (XMAD:CLH.T) Business Description

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Cia Logistica de Hidrocarburos CLH SA was formed on October 24, 1927. The Company is engaged in the storage, transportation and distribution of oil products in mainland Spain and the Balearic Islands, on behalf of the oil companies that operate in the Spanish market. This activity basically consists of receiving oil products at its facilities - mainly gasolines, diesels, fuel oils, aviation fuels and biofuels - and transporting and storing these products, and final delivery to the company's customers through its tank truck loading facilities. Its segment consists of: the land supplies business segment consists of logistics services comprising storage, transportation and distribution of all kinds of hydrocarbons and chemicals, and their derivatives and waste products, as well as advice and technical assistance in the provision of the services. The air supplies business segment consists of logistics services involving the storage, distribution and serving at airports of all kinds of aircraft fuels and lubricants.

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