Mayfield Childcare (ASX:MFD) Long-Term Capital Lease Obligation : A$146.05 Mil (As of Dec. 2023)

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What is Mayfield Childcare Long-Term Capital Lease Obligation?

Mayfield Childcare's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$146.05 Mil.

Mayfield Childcare's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (A$130.41 Mil) to Jun. 2023 (A$0.00 Mil) but then increased from Jun. 2023 (A$0.00 Mil) to Dec. 2023 (A$146.05 Mil).

Mayfield Childcare's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (A$129.27 Mil) to Dec. 2022 (A$130.41 Mil) and increased from Dec. 2022 (A$130.41 Mil) to Dec. 2023 (A$146.05 Mil).

Mayfield Childcare Long-Term Capital Lease Obligation Historical Data

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

Mayfield Childcare Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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22.48

23.16

129.27

130.41

146.05

Mayfield Childcare Semi-Annual Data
	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										129.27	-	130.41	-	146.05

Mayfield Childcare (ASX:MFD) 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.

Mayfield Childcare Long-Term Capital Lease Obligation Related Terms

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Mayfield Childcare (ASX:MFD) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Mayfield Childcare Ltd (ASX:MFD) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

207-213 Waverley Road, Suite 2, Ground Floor, Malvern East, VIC, AUS, 3145

Website

https://www.mayfieldchildcare.com.au

Mayfield Childcare Ltd provides a combination of care and education services for children. The company owns long day childcare centers located in and around metropolitan Melbourne. It continues to operate in one operating segment, as a long day childcare services provider.