Sprint (Sprint) Long-Term Capital Lease Obligation : $5,423 Mil (As of Dec. 2019)

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What is Sprint Long-Term Capital Lease Obligation?

Sprint's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2019 was $5,423 Mil.

Sprint's quarterly Long-Term Capital Lease Obligation declined from Jun. 2019 ($5,913 Mil) to Sep. 2019 ($5,667 Mil) and declined from Sep. 2019 ($5,667 Mil) to Dec. 2019 ($5,423 Mil).

Sprint Long-Term Capital Lease Obligation Historical Data

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

Sprint Annual Data

Trend

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Long-Term Capital Lease Obligation

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Sprint Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	5,913.00	5,667.00	5,423.00

Sprint (NYSE:S) 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.

Sprint Long-Term Capital Lease Obligation Related Terms

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Sprint (Sprint) Business Description

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Address

6200 Sprint Parkway, Overland Park, KS, USA, 66251

Website

https://www.sprint.com

A decade of operational problems has considerably diminished Sprint's position in the wireless industry. It is now the fourth- largest carrier in the United States, serving 26 million postpaid and 9 million prepaid phone customers directly and 13 million via wholesale channels. Over the past five years, the firm's share of the postpaid phone market has declined about 1 percentage point to 12%, leaving it about three fourths the size of T-Mobile U.S., the next smallest carrier. About 4% of sales come from the wireline unit, which provides phone and data services to the wireless unit and external customers. Japanese firm Softbank took a 78% stake in Sprint through the purchase of existing Sprint shares and a $5 billion equity infusion in 2013; it has since increased its stake to 85%.