Helia Group (ASX:HLI) Long-Term Capital Lease Obligation : A$6.7 Mil (As of Dec. 2023)

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What is Helia Group Long-Term Capital Lease Obligation?

Helia Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$6.7 Mil.

Helia Group's quarterly Long-Term Capital Lease Obligation stayed the same from Dec. 2022 (A$0.0 Mil) to Jun. 2023 (A$0.0 Mil) but then increased from Jun. 2023 (A$0.0 Mil) to Dec. 2023 (A$6.7 Mil).

Helia Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (A$2.7 Mil) to Dec. 2022 (A$0.0 Mil) but then increased from Dec. 2022 (A$0.0 Mil) to Dec. 2023 (A$6.7 Mil).

Helia Group Long-Term Capital Lease Obligation Historical Data

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

Helia Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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11.64

7.35

2.74

6.67

Helia Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.74	-	-	-	6.67

Helia Group (ASX:HLI) 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.

Helia Group Long-Term Capital Lease Obligation Related Terms

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Helia Group (ASX:HLI) Business Description

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Address

101 Miller Street, Level 26, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.helia.com.au

Helia listed on the Australian Securities Exchange in 2014 after its U.S.-based parent, Genworth Financial (NYSE: GNW), sold down its stake. It has since exited. With a history spanning over 50 years, Helia is a provider of lenders' mortgage insurance, or LMI, in Australia. In Australia, LMI is predominantly purchased on loans with a loan/value ratio, or LVR, above 80%. LMI protects a lender against a potential loss (gap) between the outstanding loan amount and sale proceeds on a delinquent loan property. LMI does not protect the borrower, however the premium is paid by the borrower. It's regulated by the Australian Prudential Regulation Authority, or APRA, which requires it to meet minimum regulatory capital requirements.