Capital Lease Obligations

Data Tag

Definition

A capital lease is a contract entitling a renter to a temporary use of an asset, and such a lease has economic characteristics of asset ownership for accounting purposes. The capital lease requires a renter to add assets and liabilities associated with the lease if the rental contract meets specific requirements. In substance, a capital lease is considered a purchase of an asset, while an operating lease is handled as a true lease under generally accepted accounting principles (GAAP).

Details

Intrinio Tag
capitalleaseobligations
Statements Balance Sheet Statement
Templates Industrial, Financial
Type Metric
Units USD
Historical? Yes
Screenable? Yes

Access This Data

Our team will help you customize a package that meets the needs of your business.

Request a Consultation