Capital Lease Obligations (SF.BS.CapitalLeaseObligations)
Capital Lease Obligations (SF.BS.CapitalLeaseObligations) refers to the portion of capitalized lease obligations due in more than one year.
An asset in financial lease can be capitalized when its lease period is substantially close to the useful life of the asset. It is then subject to depreciation.
Capital Lease Obligations (SF.BS.CapitalLeaseObligations) does not include:
- Capitalized Leases reported in Current Liabilities (shown in Current Portion of LT Debt/Capital Leases (SF.BS.CurrentPortOfLTDebt_CapitalLeases))
- The portion of financial lease obligations attributable solely to the financing arm of an industrial company (shown in Curr Port – Long Term Debt/Capital Lease Financial Sector, Supplemental (SF.Notes.BS.CurrPortLTD_CapLseFinSectorSuppl); and in Capital Lease Obligations Financial Sector, Supplemental (SF.Notes.BS.CapitalLeaseObligFinSectorSuppl))
- Long-term obligations from right-of-use contracts related to operating leases (shown in Other Long-Term Liabilities (SF.BS.OtherLTLiabilities) for Long-Term Liabilities)
- Long-Term Obligations from right-of-use contracts that are not specified as related to Financial (Capital) or Operating leases – treated as Operating Leases in the US (shown in Other Long-Term Liabilities (SF.BS.OtherLTLiabilities) for long-term liabilities)