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Winton Land (ASX:WTN) Long-Term Capital Lease Obligation : A$0.0 Mil (As of Dec. 2023)


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What is Winton Land Long-Term Capital Lease Obligation?

Winton Land's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.0 Mil.

Winton Land's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0.0 Mil) to Jun. 2023 (A$8.9 Mil) but then declined from Jun. 2023 (A$8.9 Mil) to Dec. 2023 (A$0.0 Mil).

Winton Land's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (A$0.5 Mil) to Jun. 2022 (A$0.3 Mil) but then increased from Jun. 2022 (A$0.3 Mil) to Jun. 2023 (A$8.9 Mil).


Winton Land Long-Term Capital Lease Obligation Historical Data

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

Winton Land Annual Data
Trend Jun21 Jun22 Jun23
Long-Term Capital Lease Obligation
0.47 0.29 8.90

Winton Land Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation - 0.29 - 8.90 -

Winton Land  (ASX:WTN) 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.

Winton Land Long-Term Capital Lease Obligation Related Terms

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Winton Land (ASX:WTN) Business Description

Industry
Traded in Other Exchanges
Address
10 Viaduct Harbour Avenue, Level 4, Auckland, NTL, NZL, 1010
Winton Land Ltd is a privately owned developer with projects in New Zealand and Australia. It specializes in developing integrated and fully master-planned communities. The company has a portfolio of several resident lots, dwellings, apartment units, and retirement village units. The company has three reportable segments which are Residential development, Retirement villages, and Commercial portfolio and the company generates the majority of its revenue from residential development.

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