Wesfarmers (ASX:WES) Long-Term Capital Lease Obligation : A$0 Mil (As of Dec. 2023)

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What is Wesfarmers Long-Term Capital Lease Obligation?

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

Wesfarmers's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0 Mil) to Jun. 2023 (A$5,604 Mil) but then declined from Jun. 2023 (A$5,604 Mil) to Dec. 2023 (A$0 Mil).

Wesfarmers's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (A$6,136 Mil) to Jun. 2022 (A$6,023 Mil) and declined from Jun. 2022 (A$6,023 Mil) to Jun. 2023 (A$5,604 Mil).

Wesfarmers Long-Term Capital Lease Obligation Historical Data

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

Wesfarmers Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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6,223.00

6,136.00

6,023.00

5,604.00

Wesfarmers 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															-	6,023.00	-	5,604.00	-

Wesfarmers (ASX:WES) 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.

Wesfarmers Long-Term Capital Lease Obligation Related Terms

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Wesfarmers (ASX:WES) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Wesfarmers Ltd (ASX:WES) » Definitions » Long-Term Capital Lease Obligation

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WFAFY:USA WFAFF:USA WF3:Germany

Address

123 St Georges Terrace, Level 14, Brookfield Place Tower 2, Perth, WA, AUS, 6000

Website

https://www.wesfarmers.com.au

Wesfarmers is Australia's largest conglomerate. Its retail operations include the Bunnings hardware chain (number one in market share), discount department stores Kmart and Target (number one and three) and Officeworks in office supplies (number one). These activities account for the vast majority of group earnings before taxes. Other operations include chemicals, fertilisers, industrial and medical gases, LPG production and distribution, and industrial and safety supplies. Management is focused on generating cash and creating shareholder wealth in the long term.