Nido Education (ASX:NDO) Long-Term Capital Lease Obligation : A$142.78 Mil (As of Dec. 2023)

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What is Nido Education Long-Term Capital Lease Obligation?

Nido Education's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$142.78 Mil.

Nido Education's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (A$133.40 Mil) to Jun. 2023 (A$0.00 Mil) but then increased from Jun. 2023 (A$0.00 Mil) to Dec. 2023 (A$142.78 Mil).

Nido Education's annual Long-Term Capital Lease Obligation increased from . 20 (A$0.00 Mil) to Dec. 2022 (A$133.40 Mil) and increased from Dec. 2022 (A$133.40 Mil) to Dec. 2023 (A$142.78 Mil).

Nido Education Long-Term Capital Lease Obligation Historical Data

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

Nido Education Annual Data

Trend

Dec22

Dec23

Long-Term Capital Lease Obligation

133.40

142.78

Nido Education Semi-Annual Data
	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	133.40	-	142.78

Nido Education (ASX:NDO) 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.

Nido Education Long-Term Capital Lease Obligation Related Terms

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Nido Education (ASX:NDO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Nido Education Ltd (ASX:NDO) » Definitions » Long-Term Capital Lease Obligation

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Address

1 Park Avenue, Suite 3, Drummoyne, NSW, AUS, 2047

Website

https://nidoeducation.edu.au

Nido Education Ltd is a company engaged in long day early childhood education and care services across Australia. It offers exceptional education and care for children, from six weeks, through to school age, in a safe, comfortable, nurturing and peaceful environment.

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