Perpetual Equity Investment Co (ASX:PIC) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)

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What is Perpetual Equity Investment Co Long-Term Capital Lease Obligation?

Perpetual Equity Investment Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil.

Perpetual Equity Investment Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Perpetual Equity Investment Co'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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Perpetual Equity Investment Co Long-Term Capital Lease Obligation Chart

Perpetual Equity Investment Co Annual Data

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Long-Term Capital Lease Obligation

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Perpetual Equity Investment Co Semi-Annual Data
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Perpetual Equity Investment Co (ASX:PIC) 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.

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Perpetual Equity Investment Co (ASX:PIC) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Perpetual Equity Investment Co Ltd (ASX:PIC) » Definitions » Long-Term Capital Lease Obligation

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Address

123 Pitt Street, Level 18, Sydney, NSW, AUS, 2000

Website

https://www.perpetualequity.com.au

Perpetual Equity Investment Co Ltd is an investment management company. It engages in the provision of investors access to a portfolio of predominantly Australian and global listed securities. The company's investment objective is to provide investors with a growing income stream and long-term capital growth in excess of its Benchmark over a minimum of 5 year investment periods. The company has one operating segment with only one key function, being the investment of funds predominantly in Australia together with opportunistic investments globally.