Plenti Group (ASX:PLT) Long-Term Capital Lease Obligation : A$2.6 Mil (As of Mar. 2024)

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What is Plenti Group Long-Term Capital Lease Obligation?

Plenti Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was A$2.6 Mil.

Plenti Group's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (A$3.4 Mil) to Sep. 2023 (A$0.0 Mil) but then increased from Sep. 2023 (A$0.0 Mil) to Mar. 2024 (A$2.6 Mil).

Plenti Group's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (A$3.0 Mil) to Mar. 2023 (A$3.4 Mil) but then declined from Mar. 2023 (A$3.4 Mil) to Mar. 2024 (A$2.6 Mil).

Plenti Group Long-Term Capital Lease Obligation Historical Data

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

Plenti Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

1.21

0.70

3.00

3.44

2.65

Plenti Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			3.00	-	3.44	-	2.65

Plenti Group (ASX:PLT) 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.

Plenti Group Long-Term Capital Lease Obligation Related Terms

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Plenti Group (ASX:PLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Plenti Group Ltd (ASX:PLT) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

14 Martin Place, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.plenti.com.au

Plenti Group Ltd is a technology-led consumer lending and investment company. The company offers loan products under three verticals namely, Automotive lending provides finance to personal and commercial customers for the purchase of new or used motor vehicles; Renewable energy lending provides finance to Australian households for the purchase and installation of renewable energy products such as solar panels and batteries; and Personal lending provides fixed-term, unsecured, interest-bearing loans used for purposes such as debt consolidation, home improvement, travel expenses, major events, medical expenses, and other purposes.

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