Link Administration Holdings (Link Administration Holdings) Long-Term Capital Lease Obligation : $0.0 Mil (As of Dec. 2023)

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What is Link Administration Holdings Long-Term Capital Lease Obligation?

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

Link Administration Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($0.0 Mil) to Jun. 2023 ($137.9 Mil) but then declined from Jun. 2023 ($137.9 Mil) to Dec. 2023 ($0.0 Mil).

Link Administration Holdings's annual Long-Term Capital Lease Obligation increased from Jun. 2021 ($144.2 Mil) to Jun. 2022 ($182.8 Mil) but then declined from Jun. 2022 ($182.8 Mil) to Jun. 2023 ($137.9 Mil).

Link Administration Holdings Long-Term Capital Lease Obligation Historical Data

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

Link Administration Holdings Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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148.59

144.23

182.78

137.87

Link Administration Holdings Semi-Annual Data
	Dec15	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												-	182.78	-	137.87	-

Link Administration Holdings (OTCPK:LKADF) 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.

Link Administration Holdings Long-Term Capital Lease Obligation Related Terms

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Link Administration Holdings (Link Administration Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Link Administration Holdings Ltd (OTCPK:LKADF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

LNK:Australia

Address

680 George Street, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.linkgroup.com

Link derives its revenue primarily from providing administration services to the financial services sector in Australia, and the share registry and investment fund sectors in the U.K. The company is the largest provider of superannuation administration services and the second-largest provider of share registry services in Australia. Link's clients are usually contracted for between two and five years. The customers are relatively sticky, resulting in a high recurring revenue. The capital-light business model means cash flow is relatively strong.

Link Administration Holdings (Link Administration Holdings) Headlines

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David Herro Comments on Link Group

By Sydnee Gatewood Sydnee Gatewood • 10-13-2020