SIMAT (XPAR:MLMAT) Long-Term Capital Lease Obligation : €0.39 Mil (As of Dec. 2017)

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What is SIMAT Long-Term Capital Lease Obligation?

SIMAT's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2017 was €0.39 Mil.

SIMAT's quarterly Long-Term Capital Lease Obligation stayed the same from . 20 (€0.00 Mil) to Dec. 2016 (€0.00 Mil) but then increased from Dec. 2016 (€0.00 Mil) to Dec. 2017 (€0.39 Mil).

SIMAT's annual Long-Term Capital Lease Obligation stayed the same from . 20 (€0.00 Mil) to Dec. 2016 (€0.00 Mil) but then increased from Dec. 2016 (€0.00 Mil) to Dec. 2017 (€0.39 Mil).

SIMAT Long-Term Capital Lease Obligation Historical Data

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

SIMAT Annual Data

Trend

Dec16

Dec17

Long-Term Capital Lease Obligation

0.39

SIMAT Semi-Annual Data
	Dec16	Dec17
Long-Term Capital Lease Obligation	-	0.39

SIMAT (XPAR:MLMAT) 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.

SIMAT Long-Term Capital Lease Obligation Related Terms

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SIMAT (XPAR:MLMAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SIMAT (XPAR:MLMAT) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

Z.I. Vridi 15 Rue des Petroliers, 15 BP 648, Région des lagunes, Abidjan, CIV, 15

Website

https://www.simat.ci

SIMAT operates in the fields of transport auxiliaries while offering a range of integrated services for global services and personalized monitoring of its customers. Its services include handling, transportation, transit, and consignment.

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