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Tiger Reef (Tiger Reef) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2017)


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What is Tiger Reef Long-Term Capital Lease Obligation?

Tiger Reef's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2017 was $0.00 Mil.

Tiger Reef Long-Term Capital Lease Obligation Historical Data

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

Tiger Reef Annual Data
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Long-Term Capital Lease Obligation
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Tiger Reef Quarterly Data
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Tiger Reef  (OTCPK:TGRR) 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.

Tiger Reef Long-Term Capital Lease Obligation Related Terms

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Tiger Reef (Tiger Reef) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Tiger Reef Inc (OTCPK:TGRR) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
Wellsburg Street No. 7, Dutch West Indies, Cole Bay, SXM
Website
http://www.tigerreefinc.com
Tiger Reef Inc is a producer of ultra-premium rums under the Tiger Reef brand. It is also a developer of casual dining restaurant properties in the Caribbean under the Mermaid Reef Ocean Grill and Lounge brand.