WiseTech Global (ASX:WTC) Long-Term Capital Lease Obligation : A$0.0 Mil (As of Dec. 2023)

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What is WiseTech Global Long-Term Capital Lease Obligation?

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

WiseTech Global's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0.0 Mil) to Jun. 2023 (A$20.5 Mil) but then declined from Jun. 2023 (A$20.5 Mil) to Dec. 2023 (A$0.0 Mil).

WiseTech Global's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (A$25.2 Mil) to Jun. 2022 (A$24.0 Mil) and declined from Jun. 2022 (A$24.0 Mil) to Jun. 2023 (A$20.5 Mil).

WiseTech Global Long-Term Capital Lease Obligation Historical Data

The historical data trend for WiseTech Global'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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WiseTech Global Long-Term Capital Lease Obligation Chart

WiseTech Global Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.23

35.40

25.20

24.00

20.50

WiseTech Global Semi-Annual Data
	Jun16	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											-	24.00	-	20.50	-

WiseTech Global (ASX:WTC) 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.

WiseTech Global Long-Term Capital Lease Obligation Related Terms

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WiseTech Global (ASX:WTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WiseTech Global Ltd (ASX:WTC) » Definitions » Long-Term Capital Lease Obligation

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WIGBY:USA WTCHF:USA 17W:Germany

Address

72 O’Riordan Street, Unit 3a, Alexandria, Sydney, NSW, AUS, 2015

Website

https://www.wisetechglobal.com

WiseTech is a founder-led technology company that provides logistics software. WiseTech's core product suite, CargoWise, provides the best-in-class software solution for international freight-forwarding and boasts industry-leading annual customer retention rates of over 99%. CargoWise's main competition consists of in-house software solutions and manual processes, providing a large and highly winnable market opportunity for WiseTech's current and future products.

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