Jamaica Public Service Co (XJAM:JPS7.PFD) Long-Term Capital Lease Obligation : JMD0.00 Mil (As of . 20)

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What is Jamaica Public Service Co Long-Term Capital Lease Obligation?

Jamaica Public Service Co's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was JMD0.00 Mil.

Jamaica Public Service Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jamaica Public Service Co'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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Jamaica Public Service Co Long-Term Capital Lease Obligation Chart

Jamaica Public Service Co Annual Data

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Jamaica Public Service Co Quarterly Data

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Jamaica Public Service Co (XJAM:JPS7.PFD) 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.

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Jamaica Public Service Co (XJAM:JPS7.PFD) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Jamaica Public Service Co Ltd (XJAM:JPS7.PFD) » Definitions » Long-Term Capital Lease Obligation

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Address

6 Knutsford Boulevard, Kingston, JAM, JMAAW04

Website

http://www.jpsco.com

Jamaica Public Service Co Ltd is an integrated electric utility company and the sole distributor of electricity in Jamaica. The Company is engaged in the generation, transmission and distribution of electricity, and also purchases power from a number of Independent Power Producers.

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