Globavend Holdings (Globavend Holdings) Long-Term Capital Lease Obligation : $0.08 Mil (As of Sep. 2023)

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What is Globavend Holdings Long-Term Capital Lease Obligation?

Globavend Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.08 Mil.

Globavend Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 ($0.01 Mil) to Mar. 2023 ($0.00 Mil) but then increased from Mar. 2023 ($0.00 Mil) to Sep. 2023 ($0.08 Mil).

Globavend Holdings's annual Long-Term Capital Lease Obligation declined from Sep. 2021 ($0.04 Mil) to Sep. 2022 ($0.01 Mil) but then increased from Sep. 2022 ($0.01 Mil) to Sep. 2023 ($0.08 Mil).

Globavend Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Globavend 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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Globavend Holdings Long-Term Capital Lease Obligation Chart

Globavend Holdings Annual Data

Trend

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

0.04

0.01

0.08

Globavend Holdings Semi-Annual Data
	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	0.04	-	0.01	-	0.08

Globavend Holdings (NAS:GVH) 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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Globavend Holdings (Globavend Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Globavend Holdings Ltd (NAS:GVH) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Office 1401, Level 14, 197, St Georges Tce, Perth, WA, AUS, 6000

Website

https://www.globavend.com

Globavend Holdings Ltd is a e-commerce logistics provider it provides integrated cross-border logistics services from Hong Kong to Australia and New Zealand, where they provide customers with a one-stop solution from parcel consolidation to air freight forwarding, customs clearance, on-carriage parcel transportation and delivery. It operates in logistics and freight forwarding industry, which involves the provision of services such as freight transport, freight forwarding, warehouse management, and distribution.

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