AoFrio (NZSE:AOF) Long-Term Capital Lease Obligation : NZ$4.21 Mil (As of Dec. 2023)

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What is AoFrio Long-Term Capital Lease Obligation?

AoFrio's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was NZ$4.21 Mil.

AoFrio's quarterly Long-Term Capital Lease Obligation stayed the same from Dec. 2022 (NZ$0.00 Mil) to Jun. 2023 (NZ$0.00 Mil) but then increased from Jun. 2023 (NZ$0.00 Mil) to Dec. 2023 (NZ$4.21 Mil).

AoFrio's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (NZ$0.76 Mil) to Dec. 2022 (NZ$0.00 Mil) but then increased from Dec. 2022 (NZ$0.00 Mil) to Dec. 2023 (NZ$4.21 Mil).

AoFrio Long-Term Capital Lease Obligation Historical Data

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

AoFrio Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.18

0.99

0.76

4.21

AoFrio Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.76	-	-	-	4.21

AoFrio (NZSE:AOF) 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.

AoFrio Long-Term Capital Lease Obligation Related Terms

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AoFrio (NZSE:AOF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AoFrio Ltd (NZSE:AOF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

21 Arrenway Drive, Rosedale, Auckland, NTL, NZL, 0632

Website

https://www.aofrio.com

AoFrio Ltd develops Internet of Things (IoT) solutions and manufactures, markets, and sells energy-saving, electronically commutated (EC) motors, connected controllers, and fans. The group is organized into two operating divisions - Motors and IoT. Geographically it is divided into three segments: the Americas, Asia Pacific, & Europe, the Middle East, and Africa, out of which the majority is from America. The Motors segment generates the vast majority of the revenues.

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