Incitec Pivot (ASX:IPL) Long-Term Capital Lease Obligation : A$193 Mil (As of Sep. 2023)

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What is Incitec Pivot Long-Term Capital Lease Obligation?

Incitec Pivot's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was A$193 Mil.

Incitec Pivot's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (A$204 Mil) to Mar. 2023 (A$0 Mil) but then increased from Mar. 2023 (A$0 Mil) to Sep. 2023 (A$193 Mil).

Incitec Pivot's annual Long-Term Capital Lease Obligation increased from Sep. 2021 (A$198 Mil) to Sep. 2022 (A$204 Mil) but then declined from Sep. 2022 (A$204 Mil) to Sep. 2023 (A$193 Mil).

Incitec Pivot Long-Term Capital Lease Obligation Historical Data

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

Incitec Pivot Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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206.20

197.50

203.80

193.40

Incitec Pivot Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															197.50	-	203.80	-	193.40

Incitec Pivot (ASX:IPL) 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.

Incitec Pivot Long-Term Capital Lease Obligation Related Terms

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Incitec Pivot (ASX:IPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Incitec Pivot Ltd (ASX:IPL) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

INCZY:USA ICPVF:USA I5P:Germany

Address

28 Freshwater Place, Level 8, Southbank, Melbourne, VIC, AUS, 3006

Website

https://www.incitecpivot.com.au

Incitec Pivot is a leading global explosives company with operations in Australia, Asia, and the Americas. We estimate its share of the global commercial explosives market at about 15%. Explosives contributes around 80% of EBIT. Incitec Pivot is also a major Australian fertilizer producer and distributor and is the only Australian manufacturer of ammonium phosphates and urea. Ammonium phosphates are sold in the domestic market and exported.

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