Argosy Property (NZSE:ARG) Long-Term Capital Lease Obligation : NZ$0.0 Mil (As of Sep. 2023)

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What is Argosy Property Long-Term Capital Lease Obligation?

Argosy Property's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was NZ$0.0 Mil.

Argosy Property's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (NZ$0.0 Mil) to Mar. 2023 (NZ$40.0 Mil) but then declined from Mar. 2023 (NZ$40.0 Mil) to Sep. 2023 (NZ$0.0 Mil).

Argosy Property's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (NZ$41.6 Mil) to Mar. 2022 (NZ$40.1 Mil) and declined from Mar. 2022 (NZ$40.1 Mil) to Mar. 2023 (NZ$40.0 Mil).

Argosy Property Long-Term Capital Lease Obligation Historical Data

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

Argosy Property Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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41.69

41.57

40.07

39.95

Argosy Property Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	40.07	-	39.95	-

Argosy Property (NZSE:ARG) 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.

Argosy Property Long-Term Capital Lease Obligation Related Terms

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Argosy Property (NZSE:ARG) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Argosy Property Ltd (NZSE:ARG) » Definitions » Long-Term Capital Lease Obligation

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IGPYF:USA

Address

Victoria Street West, P.O. Box 90214, 39 Market Place, Auckland, NTL, NZL, 1142

Website

https://www.argosy.co.nz

Argosy Property Ltd's business activity is to invest in and actively manage properties throughout New Zealand. The company's portfolio is centred on the Auckland and Wellington markets and is diversified by industrial, office and Large format retail property segments. The company's industrial portfolio includes logistics warehouses, distribution centers, and other corporate or owner-operated businesses. Its office portfolio consists of house government departments and both local and international businesses. Its retail portfolio contains retail stores in large format, convenience centres, and entertainment venues.

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