Mercury NZ (ASX:MCY) Long-Term Capital Lease Obligation : A$0 Mil (As of Jun. 2023)

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What is Mercury NZ Long-Term Capital Lease Obligation?

Mercury NZ's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0 Mil.

Mercury NZ Long-Term Capital Lease Obligation Historical Data

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

Mercury NZ Annual Data

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Long-Term Capital Lease Obligation

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Mercury NZ Semi-Annual Data
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Mercury NZ (ASX:MCY) 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.

Mercury NZ Long-Term Capital Lease Obligation Related Terms

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Mercury NZ (ASX:MCY) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Mercury NZ Ltd (ASX:MCY) » Definitions » Long-Term Capital Lease Obligation

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Address

33 Broadway, The Mercury Building, P O Box 90399, Newmarket, Auckland, NTL, NZL, 1142

Website

https://www.mercury.co.nz

Mercury NZ (formerly Mighty River Power) generates more than 15% of New Zealand's electricity and is one of the four major electricity generators and suppliers in the country. All electricity is generated from renewable sources, which makes it one of the lowest-cost providers of electricity. The company operates nine hydro stations and five geothermal power plants in the North Island and some wind farms. Mercury sells electricity to residential and commercial customers and has the largest share of the key Auckland market.