Resource Development Group (ASX:RDG) Long-Term Capital Lease Obligation

: A$0.00 Mil (As of Dec. 2023)

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Resource Development Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil.

Resource Development Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0.00 Mil) to Jun. 2023 (A$3.24 Mil) but then declined from Jun. 2023 (A$3.24 Mil) to Dec. 2023 (A$0.00 Mil).

Resource Development Group's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (A$1.99 Mil) to Jun. 2022 (A$1.85 Mil) but then increased from Jun. 2022 (A$1.85 Mil) to Jun. 2023 (A$3.24 Mil).

Resource Development Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Resource Development Group'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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Resource Development Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

3.54

2.16

1.99

1.85

3.24

Resource Development Group 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																-	1.85	-	3.24	-

Resource Development Group (ASX:RDG) 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.

Resource Development Group Long-Term Capital Lease Obligation Related Terms

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Resource Development Group (ASX:RDG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Resource Development Group Ltd (ASX:RDG) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Level 3, 14 Walters Drive, Osborne Park, Perth, WA, AUS, 6017

Website

https://www.resdevgroup.com.au

Resource Development Group Ltd provides contracting, remedial and construction services to the mining and oil and gas sectors within Australia as well as residential building and development. Its business division includes the Construction segment generating, a majority of the firm's revenue. The company provides multi-disciplinary construction services; ancillary, remedial, and protective maintenance services; EPCM, PMC, or integrated team project delivery solutions; EPC project delivery solutions; design and construct package delivery solutions, and optimizing services. It also provides services to the resource, infrastructure, energy, government, utilities and defence sectors within Australia.

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