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

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What is Freightways Group Long-Term Capital Lease Obligation?

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

Freightways Group's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 ($175.0 Mil) to Dec. 2022 ($0.0 Mil) but then stayed the same from Dec. 2022 ($0.0 Mil) to Dec. 2023 ($0.0 Mil).

Freightways Group's annual Long-Term Capital Lease Obligation increased from Jun. 2020 ($180.8 Mil) to Jun. 2021 ($199.4 Mil) but then declined from Jun. 2021 ($199.4 Mil) to Jun. 2022 ($175.0 Mil).

Freightways Group Long-Term Capital Lease Obligation Historical Data

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

Freightways Group Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Long-Term Capital Lease Obligation

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0.20

0.09

180.81

199.40

174.96

Freightways Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															199.40	-	174.96	-	-

Freightways Group (OTCPK:FTWYF) 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.

Freightways Group Long-Term Capital Lease Obligation Related Terms

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Freightways Group (Freightways Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Freightways Group Ltd (OTCPK:FTWYF) » Definitions » Long-Term Capital Lease Obligation

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FRW:New Zealand FRW:Australia

Address

32 Botha Road, Penrose, Auckland, NTL, NZL, DX CX10120

Website

https://www.freightways.co.nz

Freightways Ltd is a provider of express package services throughout New Zealand. The company is organized into three reportable segments: Express Package and Business Mail, Information Management and Corporate and others. The Express Package and Business Mail segment cover network courier, point-to-point courier, and postal services. Information management comprises secure paper-based and electronic business information management services. Corporate and other comprises corporate, financing, and property management services. Key revenue is derived from the Express Package and Business Mail divisions.

Freightways Group (Freightways Group) Headlines

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David Herro Comments on Freightways

By Sydnee Gatewood Sydnee Gatewood • 01-11-2021