Australian Agricultural Co (Australian Agricultural Co) Long-Term Capital Lease Obligation : $0.0 Mil (As of Sep. 2023)

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What is Australian Agricultural Co Long-Term Capital Lease Obligation?

Australian Agricultural Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.0 Mil.

Australian Agricultural Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 ($0.0 Mil) to Mar. 2023 ($21.0 Mil) but then declined from Mar. 2023 ($21.0 Mil) to Sep. 2023 ($0.0 Mil).

Australian Agricultural Co's annual Long-Term Capital Lease Obligation declined from Mar. 2021 ($13.9 Mil) to Mar. 2022 ($12.2 Mil) but then increased from Mar. 2022 ($12.2 Mil) to Mar. 2023 ($21.0 Mil).

Australian Agricultural Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Australian Agricultural Co'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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Australian Agricultural Co Long-Term Capital Lease Obligation Chart

Australian Agricultural Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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1.97

16.04

13.91

12.22

20.96

Australian Agricultural Co Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	12.22	-	20.96	-

Australian Agricultural Co (OTCPK:ASAGF) 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.

Australian Agricultural Co Long-Term Capital Lease Obligation Related Terms

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Australian Agricultural Co (Australian Agricultural Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Australian Agricultural Co Ltd (OTCPK:ASAGF) » Definitions » Long-Term Capital Lease Obligation

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AAYYY:USA AY5:Germany AAC:Australia

Address

76 Skyring Terrace, Level 1, Tower A, Gasworks Plaza, Newstead, Brisbane, QLD, AUS, 4006

Website

https://www.aaco.com.au

Australian Agricultural Co Ltd raises cattle in Australia to process and export all over the world. It specializes in grass-fed beef, grain-fed beef, and a Japanese-style beef. The company invests in research and technologies to ensure high quality and enhance productivity. The technologies may focus on performance evaluations, feed efficiency, or disease testing. More opportunities for gathering data exist because the cattle are owned throughout the entire supply chain. The company's processing facility works to get the beef out on a timely basis and will turn to third parties in times of a shortage. The company distributes the beef by tailoring its route-to-market model to capitalize on regional opportunities.