Stealth Group Holdings (ASX:SGI) Long-Term Capital Lease Obligation : A$0.0 Mil (As of Dec. 2023)

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What is Stealth Group Holdings Long-Term Capital Lease Obligation?

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

Stealth Group Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0.0 Mil) to Jun. 2023 (A$6.5 Mil) but then declined from Jun. 2023 (A$6.5 Mil) to Dec. 2023 (A$0.0 Mil).

Stealth Group Holdings's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (A$3.9 Mil) to Jun. 2022 (A$6.9 Mil) but then declined from Jun. 2022 (A$6.9 Mil) to Jun. 2023 (A$6.5 Mil).

Stealth Group Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Stealth Group Holdings'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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Stealth Group Holdings Long-Term Capital Lease Obligation Chart

Stealth Group Holdings Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

0.04

2.37

3.85

6.95

6.51

Stealth Group Holdings Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						-	6.95	-	6.51	-

Stealth Group Holdings (ASX:SGI) 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.

Stealth Group Holdings Long-Term Capital Lease Obligation Related Terms

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Stealth Group Holdings (ASX:SGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Stealth Group Holdings Ltd (ASX:SGI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

43 Cedric Street, Stirling, WA, AUS, 6021

Website

https://www.stealthgi.com

Stealth Group Holdings Ltd is an Australia based supplier and distributor of safety, industrial, healthcare and workplace consumables products. It is also a provider of supply chain solutions, with a focus on industrial, trade and consumer retail customer markets. The company's geographical segment includes Australia and International market. It derives a majority of revenue from Australia. Products offered by the company include clothing, footwear, first aid, medical consumables, workplace safety, disposable wipes, drilling, automotive and other industrial supplies and others.

Stealth Group Holdings (ASX:SGI) Headlines

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