Carbon Revolution (ASX:CBR) Long-Term Capital Lease Obligation : A$7.37 Mil (As of Jun. 2023)

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What is Carbon Revolution Long-Term Capital Lease Obligation?

Carbon Revolution's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$7.37 Mil.

Carbon Revolution's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (A$7.46 Mil) to Dec. 2022 (A$0.00 Mil) but then increased from Dec. 2022 (A$0.00 Mil) to Jun. 2023 (A$7.37 Mil).

Carbon Revolution's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (A$7.81 Mil) to Jun. 2022 (A$7.46 Mil) and declined from Jun. 2022 (A$7.46 Mil) to Jun. 2023 (A$7.37 Mil).

Carbon Revolution Long-Term Capital Lease Obligation Historical Data

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

Carbon Revolution Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

8.54

7.81

7.46

7.37

Carbon Revolution Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			7.81	-	7.46	-	7.37

Carbon Revolution (ASX:CBR) 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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Carbon Revolution (ASX:CBR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Carbon Revolution Ltd (ASX:CBR) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

75 Pigdons Road, Geelong Technology Precinct, Building NR, Waurn Ponds, Geelong, VIC, AUS, 3216

Website

https://www.carbonrev.com

Carbon Revolution Ltd is a company engaged in the manufacture and sale of carbon fibre wheels and research and development projects related to carbon fibre wheel technology. Geographically, the group has a business presence in Australia and other international countries, of which key revenue is derived from the international countries. It offers products to the global automotive industry.

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