Autosports Group (ASX:ASG) Long-Term Capital Lease Obligation : A$0 Mil (As of Dec. 2024)

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What is Autosports Group Long-Term Capital Lease Obligation?

Autosports Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0 Mil.

Autosports Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (A$0 Mil) to Jun. 2024 (A$194 Mil) but then declined from Jun. 2024 (A$194 Mil) to Dec. 2024 (A$0 Mil).

Autosports Group's annual Long-Term Capital Lease Obligation increased from Jun. 2022 (A$199 Mil) to Jun. 2023 (A$221 Mil) but then declined from Jun. 2023 (A$221 Mil) to Jun. 2024 (A$194 Mil).

Autosports Group Long-Term Capital Lease Obligation Historical Data

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

Autosports Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Long-Term Capital Lease Obligation

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151.49

214.22

198.73

220.61

194.17

Autosports Group Semi-Annual Data
	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										-	220.61	-	194.17	-

Autosports Group (ASX:ASG) 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.

Autosports Group Long-Term Capital Lease Obligation Related Terms

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Autosports Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Autosports Group Ltd (ASX:ASG) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

555 Parramatta Road, Leichhardt, Sydney, NSW, AUS, 2040

Website

https://www.autosportsgroup.com.au

Autosports Group Ltd operates in the retail automotive industry. The core business focuses on the sale of new and used motor vehicles, distribution of finance and insurance products on behalf of retail financiers and automotive insurers. In addition, the company is involved in the sale of aftermarket products and spare parts, motor vehicle servicing and collision repair services. It generates maximum revenue from New and demonstrator vehicles followed by Used vehicles and others. Geographically the group operates in Australia and New Zealand, where the majority revenue is generated from Australia.