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

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What is Chorus Long-Term Capital Lease Obligation?

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

Chorus's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($0.0 Mil) to Jun. 2023 ($103.1 Mil) but then declined from Jun. 2023 ($103.1 Mil) to Dec. 2023 ($0.0 Mil).

Chorus's annual Long-Term Capital Lease Obligation declined from Jun. 2021 ($180.5 Mil) to Jun. 2022 ($110.5 Mil) and declined from Jun. 2022 ($110.5 Mil) to Jun. 2023 ($103.1 Mil).

Chorus Long-Term Capital Lease Obligation Historical Data

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

Chorus Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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162.38

165.70

180.53

110.55

103.07

Chorus Semi-Annual Data
	Jun14	Dec14	Jun15	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															-	110.55	-	103.07	-

Chorus (OTCPK:CHRYY) 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.

Chorus Long-Term Capital Lease Obligation Related Terms

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Chorus (Chorus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Chorus Ltd (OTCPK:CHRYY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

CHRUF:USA CNU:New Zealand 7CH:Germany CNU:Australia

Address

1 Willis Street, Level 10, P.O. Box 632, Wellington, NTL, NZL

Website

https://www.chorus.co.nz

Chorus is New Zealand's largest fixed-line communications infrastructure entity, and was demerged in 2011 from Telecom New Zealand. Chorus offers wholesale access to its nationwide copper and fibre network to retail service providers. It also provides backhaul services to retail service providers and connects mobile phone towers. At the end of 2022, Chorus completed the government's rollout of ultra-fast broadband, or UFB, a fibre-to-the-premises network to cover 87% of the population in New Zealand.