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HNORY (Harvey Norman Holdings) Long-Term Capital Lease Obligation : $785 Mil (As of Jun. 2024)


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What is Harvey Norman Holdings Long-Term Capital Lease Obligation?

Harvey Norman Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was $785 Mil.

Harvey Norman Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($790 Mil) to Dec. 2023 ($0 Mil) but then increased from Dec. 2023 ($0 Mil) to Jun. 2024 ($785 Mil).

Harvey Norman Holdings's annual Long-Term Capital Lease Obligation increased from Jun. 2022 ($749 Mil) to Jun. 2023 ($790 Mil) but then declined from Jun. 2023 ($790 Mil) to Jun. 2024 ($785 Mil).


Harvey Norman Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Harvey Norman Holdings'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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Harvey Norman Holdings Long-Term Capital Lease Obligation Chart

Harvey Norman Holdings Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 719.67 797.61 748.66 790.45 785.41

Harvey Norman Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 748.66 - 790.45 - 785.41

Harvey Norman Holdings  (OTCPK:HNORY) 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.

Harvey Norman Holdings Long-Term Capital Lease Obligation Related Terms

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Harvey Norman Holdings Business Description

Traded in Other Exchanges
Address
A1 Richmond Road, Homebush West, Sydney, NSW, AUS, 2140
Harvey Norman Holdings Limited is the franchisor of Harvey Norman, a leading Australia-based retailer that sells goods from the electrical, computer, furniture, entertainment, and bedding sectors. The majority of earnings are generated in Australia, with the international divisions gradually growing in significance.

Harvey Norman Holdings Headlines

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