Pentanet (ASX:5GG) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)

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What is Pentanet Long-Term Capital Lease Obligation?

Pentanet's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil.

Pentanet's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0.00 Mil) to Jun. 2023 (A$4.98 Mil) but then declined from Jun. 2023 (A$4.98 Mil) to Dec. 2023 (A$0.00 Mil).

Pentanet's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (A$1.01 Mil) to Jun. 2022 (A$1.31 Mil) and increased from Jun. 2022 (A$1.31 Mil) to Jun. 2023 (A$4.98 Mil).

Pentanet Long-Term Capital Lease Obligation Historical Data

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

Pentanet Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

1.01

1.31

4.98

Pentanet Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	1.31	-	4.98	-

Pentanet (ASX:5GG) 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.

Pentanet Long-Term Capital Lease Obligation Related Terms

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Pentanet (ASX:5GG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Pentanet Ltd (ASX:5GG) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Unit 2/8 Corbusier Place, Balcatta, Perth, WA, AUS, 6021

Website

https://www.pentanet.com.au

Pentanet Ltd is a licensed telecommunications carrier and internet service provider (ISP), delivering high-speed internet services via its fixed-wireless network and other fixed-line networks. The company provides a range of services for residential, commercial, and enterprise customers. It operates in two segments namely Internet services and Gaming and technology services within Australia. The company generates maximum revenue from the Internet services segment.

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