AMP (AMLTF) Long-Term Capital Lease Obligation : $315.4 Mil (As of Dec. 2024)

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What is AMP Long-Term Capital Lease Obligation?

AMP's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was $315.4 Mil.

AMP's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 ($358.8 Mil) to Jun. 2024 ($0.0 Mil) but then increased from Jun. 2024 ($0.0 Mil) to Dec. 2024 ($315.4 Mil).

AMP's annual Long-Term Capital Lease Obligation declined from Dec. 2022 ($383.9 Mil) to Dec. 2023 ($358.8 Mil) and declined from Dec. 2023 ($358.8 Mil) to Dec. 2024 ($315.4 Mil).

AMP Long-Term Capital Lease Obligation Historical Data

The historical data trend for AMP'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.

* Premium members only.

AMP Long-Term Capital Lease Obligation Chart

AMP Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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96.57

383.94

358.77

315.39

AMP Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															383.94	-	358.77	-	315.39

AMP (OTCPK:AMLTF) 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.

AMP Long-Term Capital Lease Obligation Related Terms

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Address

50 Bridge Street, Level 29, Sydney, NSW, AUS, 2000

Website

https://www.amp.com.au

AMP, originally established as the Australian Mutual Provident Society, is a financial services provider in Australia and New Zealand. The firm's offerings span across wealth platforms, superannuation products, along with banking services like home loans and savings accounts through AMP Bank. Previously, AMP had a global investment management division under its subsidiary, AMP Capital, which managed a range of asset classes; an insurance business, AMP Life; as well as a financial advice business. These businesses were sold to various institutions throughout 2020-2024 as part of AMP's simplification program.