HUB24 (ASX:HUB) Long-Term Capital Lease Obligation : A$0.0 Mil (As of Dec. 2023)

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What is HUB24 Long-Term Capital Lease Obligation?

HUB24's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.0 Mil.

HUB24's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0.0 Mil) to Jun. 2023 (A$6.4 Mil) but then declined from Jun. 2023 (A$6.4 Mil) to Dec. 2023 (A$0.0 Mil).

HUB24's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (A$4.6 Mil) to Jun. 2022 (A$6.9 Mil) but then declined from Jun. 2022 (A$6.9 Mil) to Jun. 2023 (A$6.4 Mil).

HUB24 Long-Term Capital Lease Obligation Historical Data

The historical data trend for HUB24'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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HUB24 Long-Term Capital Lease Obligation Chart

HUB24 Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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4.39

4.55

6.93

6.43

HUB24 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															-	6.93	-	6.43	-

HUB24 (ASX:HUB) 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.

HUB24 Long-Term Capital Lease Obligation Related Terms

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HUB24 (ASX:HUB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » HUB24 Ltd (ASX:HUB) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

7 Macquarie Place, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.hub24.com.au

Hub24 is a diversified financial services business. The firm's core platform segment engages in the development and provision of custodial and noncustodial administration services to financial advisers, stockbrokers, accountants, and their clients. The tech solutions segment provides a range of technology and data services, as well as cloud-based software. Hub24 serves individuals, companies, trusts, associations, or self-managed superannuation funds. The firm has 6.3% share of the Australian platform market, in contrast to the largest five providers with an average market share of 14.5% each.

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