CVC (ASX:CVCG.PFD) Long-Term Capital Lease Obligation : A$0.49 Mil (As of Jun. 2024)

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What is CVC Long-Term Capital Lease Obligation?

CVC's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$0.49 Mil.

CVC's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (A$0.96 Mil) to Dec. 2023 (A$0.00 Mil) but then increased from Dec. 2023 (A$0.00 Mil) to Jun. 2024 (A$0.49 Mil).

CVC's annual Long-Term Capital Lease Obligation declined from Jun. 2022 (A$1.43 Mil) to Jun. 2023 (A$0.96 Mil) and declined from Jun. 2023 (A$0.96 Mil) to Jun. 2024 (A$0.49 Mil).

CVC Long-Term Capital Lease Obligation Historical Data

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

CVC Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Long-Term Capital Lease Obligation

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0.29

2.08

1.43

0.96

0.49

CVC Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.43	-	0.96	-	0.49

CVC (ASX:CVCG.PFD) 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.

CVC Long-Term Capital Lease Obligation Related Terms

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CVC Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CVC Ltd (ASX:CVCG.PFD) » Definitions » Long-Term Capital Lease Obligation

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CVC:Australia

Address

Level 40, Governor Philip Tower, Suite 40.04, 1 Farrer Place, Sydney, NSW, AUS, 2000

Website

https://www.cvc.com.au

CVC Ltd is a diversified investment company whose principal activities include property finance and development, the provision of investment and development capital, and investment in other non-property opportunities. It is organized into the following business segments: Property Investment, Non-Property Investment. Property Investment includes investments in property-related ordinary equity, preferred equity, joint ventures, options to acquire an interest in direct property subject to planning outcomes, and property-backed lending comprising loans backed by underlying property assets. Non-property investment comprises listed investments, unlisted investments, and secured lending opportunities that are non-property related. It also includes receivables, litigation claims, and others.

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