FleetPartners Group (ASX:FPR) Long-Term Capital Lease Obligation : A$0.0 Mil (As of Mar. 2024)

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What is FleetPartners Group Long-Term Capital Lease Obligation?

FleetPartners Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was A$0.0 Mil.

FleetPartners Group's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (A$0.0 Mil) to Sep. 2023 (A$2.4 Mil) but then declined from Sep. 2023 (A$2.4 Mil) to Mar. 2024 (A$0.0 Mil).

FleetPartners Group's annual Long-Term Capital Lease Obligation declined from Sep. 2021 (A$16.0 Mil) to Sep. 2022 (A$3.7 Mil) and declined from Sep. 2022 (A$3.7 Mil) to Sep. 2023 (A$2.4 Mil).

FleetPartners Group Long-Term Capital Lease Obligation Historical Data

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

FleetPartners Group Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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19.51

15.97

3.69

2.41

FleetPartners Group Semi-Annual Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													-	3.69	-	2.41	-

FleetPartners Group (ASX:FPR) 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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FleetPartners Group (ASX:FPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » FleetPartners Group Ltd (ASX:FPR) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

601 Pacific Highway, Level 6, St Leonards, Sydney, NSW, AUS, 2065

Website

https://www.fleetpartners.com.au

FleetPartners Group Ltd is a provider of fleet leasing and fleet management services that operates across Australia and New Zealand. The company offers consumers and businesses access to funding solutions including fleet leasing, novated leasing, and salary packaging solutions. Its business segments include Australia commercial, novated, and New Zealand commercial, with the majority of revenue flowing from Australia commercial. Australia commercial provides fleet leasing and management services; novated provides novated leasing and salary packaging services in Australia, and New Zealand commercial provides fleet leasing, management, and vehicle dealerships. Some of its brands include FleetPartners, FleetPlus and FleetChoice.

FleetPartners Group (ASX:FPR) Headlines

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