Freedom Care Group Holdings (ASX:FCG) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)

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What is Freedom Care Group Holdings Long-Term Capital Lease Obligation?

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

Freedom Care Group Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (A$0.04 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).

Freedom Care Group Holdings's annual Long-Term Capital Lease Obligation increased from . 20 (A$0.00 Mil) to Jun. 2021 (A$0.09 Mil) but then declined from Jun. 2021 (A$0.09 Mil) to Jun. 2022 (A$0.04 Mil).

Freedom Care Group Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Freedom Care Group Holdings'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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Freedom Care Group Holdings Long-Term Capital Lease Obligation Chart

Freedom Care Group Holdings Annual Data

Trend

Jun21

Jun22

Long-Term Capital Lease Obligation

0.09

0.04

Freedom Care Group Holdings Semi-Annual Data
	Jun21	Jun22	Dec22	Dec23
Long-Term Capital Lease Obligation	0.09	0.04	-	-

Freedom Care Group Holdings (ASX:FCG) 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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Freedom Care Group Holdings (ASX:FCG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Freedom Care Group Holdings Ltd (ASX:FCG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shop 3/886, Woodville Road, Villawood, NSW, AUS, 2163

Website

https://www.freedomcaregroup.com.au

Freedom Care Group Holdings Ltd is a national disability insurance scheme services provider that provides a full suite of allied health and care services to individuals accepted into the NDIS particularly in the greater Sydney areas. It is organized into three service areas such as Core Supports, Capacity Building Supports and Capital Supports. Core Supports: assist Participants with everyday activities, current disability-related needs and work towards a Participant's goals. Capacity Building Supports: assist Participants to increase independence and develop skills to assist them to pursue their goals and Capital Supports: includes higher-cost pieces of assistive technology, equipment and home or vehicle modifications, and funding for one-off capital purchases that participants require.