Challenger (ASX:CGF) Long-Term Capital Lease Obligation : A$0.0 Mil (As of Dec. 2023)

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What is Challenger Long-Term Capital Lease Obligation?

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

Challenger's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0.0 Mil) to Jun. 2023 (A$45.8 Mil) but then declined from Jun. 2023 (A$45.8 Mil) to Dec. 2023 (A$0.0 Mil).

Challenger's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (A$62.3 Mil) to Jun. 2022 (A$54.4 Mil) and declined from Jun. 2022 (A$54.4 Mil) to Jun. 2023 (A$45.8 Mil).

Challenger Long-Term Capital Lease Obligation Historical Data

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

Challenger Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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67.60

62.30

54.40

45.80

Challenger Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	54.40	-	45.80	-

Challenger (ASX:CGF) 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.

Challenger Long-Term Capital Lease Obligation Related Terms

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Challenger (ASX:CGF) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Challenger Ltd (ASX:CGF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

CFIGF:USA CGFPC.PFD:Australia

Address

5 Martin Place, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.challenger.com.au

Challenger's core business is selling annuity products in the Australian retirement market and, since November 2016, selling Australian dollar-denominated annuities into Japan's large retirement market. The firm's annuity products provide investors guaranteed regular payments over an agreed term for an up-front lump sum investment and is designed primarily to protect investors from the longevity risk of outliving their savings. Challenger also operates a funds management business, Fidante Partners, which has minority stakes in several boutique global investment managers, and Challenger Investment Management, which primarily manages investments supporting its annuities business.

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