AMP (AMLTF) Long-Term Capital Lease Obligation : $358.8 Mil (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

What is AMP Long-Term Capital Lease Obligation?

AMP's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $358.8 Mil.

AMP's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($383.9 Mil) to Jun. 2023 ($0.0 Mil) but then increased from Jun. 2023 ($0.0 Mil) to Dec. 2023 ($358.8 Mil).

AMP's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($96.6 Mil) to Dec. 2022 ($383.9 Mil) but then declined from Dec. 2022 ($383.9 Mil) to Dec. 2023 ($358.8 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

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

96.57

383.94

358.77

AMP 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															96.57	-	383.94	-	358.77

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

Thank you for viewing the detailed overview of AMP's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

AMP (AMLTF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » AMP Ltd (OTCPK:AMLTF) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

AMP:Germany AMP:Australia

Address

50 Bridge Street, AMP Building, Sydney, NSW, AUS, 2000

Website

https://www.amp.com.au

At its roots, AMP is a wealth manager, providing financial advice via Australia's second-largest network of aligned financial advisors. It has a vertically integrated business model: AMP advisors can invest client funds into superfunds and non-super investments manufactured by AMP through the firm's own platforms, though advisors are free to recommend non-AMP products and third party platforms to their clients. The firm also has a small wealth presence in New Zealand with about 72 advisors. In addition, AMP also has a retail banking business focused on deposit taking and residential mortgages.

AMP (AMLTF) Headlines

From GuruFocus

David Herro Comments on AMP Ltd.

By Holly LaFon Holly LaFon • 04-23-2013

AMP Limited Investigated by Block & Leviton LLP For Violations of Securities Laws; Investors Are Encouraged to Contact the Firm ASAP

By PRNewswire PRNewswire • 06-11-2018

David Herro Comments on AMP

By Holly LaFon Holly LaFon • 04-08-2014

David Herro's Oakmark International Fund New Buys Update

By Holly LaFon Holly LaFon • 05-23-2013

David Herro Comments on Honda Motor

By Holly LaFon Holly LaFon • 04-08-2014