Steamships Trading Co (ASX:SST) Long-Term Capital Lease Obligation : A$21.8 Mil (As of Dec. 2023)

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What is Steamships Trading Co Long-Term Capital Lease Obligation?

Steamships Trading Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$21.8 Mil.

Steamships Trading Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (A$22.6 Mil) to Jun. 2023 (A$0.0 Mil) but then increased from Jun. 2023 (A$0.0 Mil) to Dec. 2023 (A$21.8 Mil).

Steamships Trading Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (A$23.4 Mil) to Dec. 2022 (A$22.6 Mil) and declined from Dec. 2022 (A$22.6 Mil) to Dec. 2023 (A$21.8 Mil).

Steamships Trading Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Steamships Trading 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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Steamships Trading Co Long-Term Capital Lease Obligation Chart

Steamships Trading Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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26.98

27.76

23.44

22.56

21.77

Steamships Trading Co 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															23.44	-	22.56	-	21.77

Steamships Trading Co (ASX:SST) 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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Steamships Trading Co (ASX:SST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Steamships Trading Co Ltd (ASX:SST) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

345, Stanley Esplanade, Section 20, Allotments 3, 4 and 5, Level 2 Granville, PO Box 1, National Capital District, Port Moresby, PNG, NCD 121

Website

https://www.steamships.com.pg

Steamships Trading Co Ltd is a diversified holding company. The company's operating segment includes Property and hospitality, Logistics, and Commercial & investment. It generates maximum revenue from the Logistics segment, which consists of shipping and land-based freight transport and related services divisions. The Property and hospitality segment consists of the hotels owned and operated by the group and also its property leasing division and Commercial and investment - which consists of commercial, head office administration function and insurance activities The group primarily operates in Papua New Guinea.