Hills (ASX:HIL) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2022)

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What is Hills Long-Term Capital Lease Obligation?

Hills's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was A$0.00 Mil.

Hills's quarterly Long-Term Capital Lease Obligation increased from Dec. 2021 (A$0.00 Mil) to Jun. 2022 (A$3.27 Mil) but then declined from Jun. 2022 (A$3.27 Mil) to Dec. 2022 (A$0.00 Mil).

Hills's annual Long-Term Capital Lease Obligation declined from Jun. 2020 (A$9.65 Mil) to Jun. 2021 (A$6.32 Mil) and declined from Jun. 2021 (A$6.32 Mil) to Jun. 2022 (A$3.27 Mil).

Hills Long-Term Capital Lease Obligation Historical Data

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

Hills Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Long-Term Capital Lease Obligation

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9.65

6.32

3.27

Hills Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	6.32	-	3.27	-

Hills (ASX:HIL) 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.

Hills Long-Term Capital Lease Obligation Related Terms

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Hills (ASX:HIL) Business Description

Industry

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

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Traded in Other Exchanges

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Address

3-29 Birnie Avenue, Unit 1, Building F, Lidcombe, NSW, AUS, 2141

Website

https://www.hills.com.au

Hills Ltd provides technology products and service solutions. Its segments include Hills Health Solutions and Hills Distribution. Hills Health Solutions is engaged in the design, supply, and installation of health technology solutions, nurse call and patient engagement, and other related solutions including security, Wi-Fi, and telephony into the health and aged care sectors. Hills Distribution is engaged in providing a diverse range of products and solutions to assist customers, support end-users within the Satellite, Security, Surveillance, and IT markets. The company earns the majority of its revenue from the Hills Distribution segment. Geographically, the company operates in Australia and New Zealand.