Abacus Storage King (ASX:ASK) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)

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What is Abacus Storage King Long-Term Capital Lease Obligation?

Abacus Storage King's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil.

Abacus Storage King's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (A$100.39 Mil) to Dec. 2022 (A$0.00 Mil) but then stayed the same from Dec. 2022 (A$0.00 Mil) to Dec. 2023 (A$0.00 Mil).

Abacus Storage King's annual Long-Term Capital Lease Obligation increased from . 20 (A$0.00 Mil) to Jun. 2021 (A$116.13 Mil) but then declined from Jun. 2021 (A$116.13 Mil) to Jun. 2022 (A$100.39 Mil).

Abacus Storage King Long-Term Capital Lease Obligation Historical Data

The historical data trend for Abacus Storage King'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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Abacus Storage King Long-Term Capital Lease Obligation Chart

Abacus Storage King Annual Data

Trend

Jun21

Jun22

Long-Term Capital Lease Obligation

116.13

100.39

Abacus Storage King Semi-Annual Data
	Jun21	Jun22	Dec22	Dec23
Long-Term Capital Lease Obligation	116.13	100.39	-	-

Abacus Storage King (ASX:ASK) 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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Abacus Storage King (ASX:ASK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Abacus Storage King (ASX:ASK) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

77 Castlereagh Street, Level 13, Sydney, NSW, AUS, 2000

Website

https://www.abacusgroup.com.au

Abacus Storage King REIT is a self-storage REIT. It owns, operates, and manages a self-storage operating platform and an investment portfolio comprising self-storage properties and other investments across Australia and New Zealand.

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