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Meridian AD (XBLB:MRDN-R-A) Long-Term Capital Lease Obligation : BAM0.15 Mil (As of Dec. 2013)


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What is Meridian AD Long-Term Capital Lease Obligation?

Meridian AD's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2013 was BAM0.15 Mil.

Meridian AD's quarterly Long-Term Capital Lease Obligation increased from Dec. 2012 (BAM0.14 Mil) to Jun. 2013 (BAM0.25 Mil) but then declined from Jun. 2013 (BAM0.25 Mil) to Dec. 2013 (BAM0.15 Mil).

Meridian AD's annual Long-Term Capital Lease Obligation increased from Dec. 2012 (BAM0.14 Mil) to Dec. 2013 (BAM0.15 Mil) but then declined from Dec. 2013 (BAM0.15 Mil) to Dec. 2014 (BAM0.10 Mil).


Meridian AD Long-Term Capital Lease Obligation Historical Data

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

Meridian AD Annual Data
Trend Dec11 Dec12 Dec13 Dec14
Long-Term Capital Lease Obligation
0.18 0.14 0.15 0.10

Meridian AD Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Dec14
Long-Term Capital Lease Obligation Get a 7-Day Free Trial - 0.14 0.25 0.15 0.10

Meridian AD  (XBLB:MRDN-R-A) 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.

Meridian AD Long-Term Capital Lease Obligation Related Terms

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Meridian AD (XBLB:MRDN-R-A) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Veselina Maslese 21/II, Banja Luka, BIH, 78000
Meridian AD operates in integrated shipping and logistics industry in Bosnia and Herzegovina. The services offered by the company include organization of transport, collective transport, customs brokerage, storage of goods, and consulting.

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