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MA Financial Group (ASX:MAF) Long-Term Capital Lease Obligation : A$0.0 Mil (As of Dec. 2023)


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What is MA Financial Group Long-Term Capital Lease Obligation?

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


MA Financial Group Long-Term Capital Lease Obligation Historical Data

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

MA Financial Group Annual Data
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Long-Term Capital Lease Obligation
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MA Financial Group Semi-Annual Data
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MA Financial Group  (ASX:MAF) 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.

MA Financial Group Long-Term Capital Lease Obligation Related Terms

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MA Financial Group (ASX:MAF) Business Description

Traded in Other Exchanges
N/A
Address
10 Carrington Street, Level 27, Brookfield Place, Sydney, NSW, AUS, 2000
MA Financial Group Ltd is a financial services company. The Group is organised into the following business segments: Asset Management, Lending & Technology, and Corporate Advisory & Equities (CA&E). It generates maximum revenue from the Asset Management segment. The Asset Management segment incorporates the provision of asset management services and principal co-investment and strategic investments. The Lending & Technology segment includes the provision of Lending Platforms for loan funding, residential mortgages and Financial Technology. The Corporate Advisory and Equities segment provides corporate advice, underwriting and institutional stockbroking services. The Group mainly operates in Australia.

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