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Carbonxt Group (ASX:CG1) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)


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What is Carbonxt Group Long-Term Capital Lease Obligation?

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

Carbonxt Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0.00 Mil) to Jun. 2023 (A$0.17 Mil) but then declined from Jun. 2023 (A$0.17 Mil) to Dec. 2023 (A$0.00 Mil).

Carbonxt Group's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (A$1.32 Mil) to Jun. 2022 (A$0.58 Mil) and declined from Jun. 2022 (A$0.58 Mil) to Jun. 2023 (A$0.17 Mil).


Carbonxt Group Long-Term Capital Lease Obligation Historical Data

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

Carbonxt Group Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial 3.17 2.20 1.32 0.58 0.17

Carbonxt Group Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.58 - 0.17 -

Carbonxt Group  (ASX:CG1) 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.

Carbonxt Group Long-Term Capital Lease Obligation Related Terms

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Carbonxt Group (ASX:CG1) Business Description

Industry
Traded in Other Exchanges
Address
3951 NW 48th Terrace, Suite 111, Gainesville, FL, USA, 32606
Carbonxt Group Ltd is an Australian company engaged in the development and sale of specialized Activated Carbon (AC) products, including Powdered Activated Carbon (PAC) and AC pellets for the removal of pollutants and toxins in industrial processes. Geographically, it derives a majority of revenue from the United States of America. The company product comprises coal-fired power plants, cement plants, waste to energy, potable water and other applications.

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