Insignia Financial (ASX:IFL) Long-Term Capital Lease Obligation

: A$0 Mil (As of Dec. 2023)

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Insignia Financial's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0 Mil.

Insignia Financial's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0 Mil) to Jun. 2023 (A$131 Mil) but then declined from Jun. 2023 (A$131 Mil) to Dec. 2023 (A$0 Mil).

Insignia Financial's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (A$125 Mil) to Jun. 2022 (A$158 Mil) but then declined from Jun. 2022 (A$158 Mil) to Jun. 2023 (A$131 Mil).

Insignia Financial Long-Term Capital Lease Obligation Historical Data

The historical data trend for Insignia Financial'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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Insignia Financial Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

5.75

114.39

124.90

157.60

130.90

Insignia Financial 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																-	157.60	-	130.90	-

Insignia Financial (ASX:IFL) 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.

Insignia Financial Long-Term Capital Lease Obligation Related Terms

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Insignia Financial (ASX:IFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Insignia Financial Ltd (ASX:IFL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

IOOFF:USA

Address

800 Bourke Street, Level 1, Docklands, VIC, AUS, 3008

Website

https://www.ioof.com.au

Insignia Financial (formerly IOOF) provides wealth-management advice and products via a multibranded strategy, and a vertically integrated business model. Insignia's advice business provides financial planning services to both the mass affluent and high-net-worth clients. It also owns finance dealer groups that provide compliance and other administrative services to financial planners operating under the dealer group's licence. Furthermore, Insignia offers platform products, which generates fees mainly from superannuation and non-superannuation investments accessed via its own platforms. It also derives revenue via some third-party platforms sourced from its aligned advisors. Lastly, the firm has an investment management segment.

Insignia Financial (ASX:IFL) Headlines

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