AVADA Group (ASX:AVD) Long-Term Capital Lease Obligation : A$0.0 Mil (As of Dec. 2023)

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What is AVADA Group Long-Term Capital Lease Obligation?

AVADA Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.0 Mil.

AVADA Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0.0 Mil) to Jun. 2023 (A$3.7 Mil) but then declined from Jun. 2023 (A$3.7 Mil) to Dec. 2023 (A$0.0 Mil).

AVADA Group's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (A$2.8 Mil) to Jun. 2022 (A$3.2 Mil) and increased from Jun. 2022 (A$3.2 Mil) to Jun. 2023 (A$3.7 Mil).

AVADA Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for AVADA Group'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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AVADA Group Long-Term Capital Lease Obligation Chart

AVADA Group Annual Data

Trend

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

2.77

3.24

3.73

AVADA Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	-	3.24	-	3.73	-

AVADA Group (ASX:AVD) 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.

AVADA Group Long-Term Capital Lease Obligation Related Terms

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AVADA Group (ASX:AVD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AVADA Group Ltd (ASX:AVD) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

116 Ipswich Road, Suite 1, Level 2, Woolloongabba, QLD, AUS, 4102

Website

https://www.avadagroup.com.au

AVADA Group Ltd is an Australian traffic management operator and ancillary service provider with an established network throughout Queensland and New South Wales. The group has two reportable segments: Queensland Traffic Management and New South Wales Traffic Management. Queensland Traffic Management is the key revenue generator for the group. It provides services to government clients and major contractors in the civil infrastructure and maintenance sector.