Vicinity Centres (ASX:VCX) Long-Term Capital Lease Obligation : A$0 Mil (As of Dec. 2023)

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What is Vicinity Centres Long-Term Capital Lease Obligation?

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

Vicinity Centres's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0 Mil) to Jun. 2023 (A$383 Mil) but then declined from Jun. 2023 (A$383 Mil) to Dec. 2023 (A$0 Mil).

Vicinity Centres's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (A$320 Mil) to Jun. 2022 (A$361 Mil) and increased from Jun. 2022 (A$361 Mil) to Jun. 2023 (A$383 Mil).

Vicinity Centres Long-Term Capital Lease Obligation Historical Data

The historical data trend for Vicinity Centres'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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Vicinity Centres Long-Term Capital Lease Obligation Chart

Vicinity Centres Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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207.30

288.40

320.10

361.40

382.50

Vicinity Centres 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															-	361.40	-	382.50	-

Vicinity Centres (ASX:VCX) 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.

Vicinity Centres Long-Term Capital Lease Obligation Related Terms

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Vicinity Centres (ASX:VCX) Business Description

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CNRAF:USA

Address

1341 Dandenong Road, Level 4, Chadstone Tower One, Chadstone, Melbourne, VIC, AUS, 3148

Website

https://www.vicinity.com.au

Vicinity was created after the merger of Federation Centres and Novion in June 2015, creating one of Australia's largest retail REITs. Its directly and indirectly owned assets have a book value of about AUD 14 billion. The assets are skewed to large, high-end shopping centres, with about half in major regional malls, a fifth in subregional, 15% in CBD locations, 13% in outlet centres, and 1% in neighbourhood malls.

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