Candy Club Holdings (ASX:CLB) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)

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What is Candy Club Holdings Long-Term Capital Lease Obligation?

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

Candy Club Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (A$0.18 Mil) to Dec. 2022 (A$0.00 Mil) but then stayed the same from Dec. 2022 (A$0.00 Mil) to Dec. 2023 (A$0.00 Mil).

Candy Club Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Candy Club Holdings'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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Candy Club Holdings Long-Term Capital Lease Obligation Chart

Candy Club Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.28

0.15

0.18

Candy Club Holdings Semi-Annual Data
	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							-	-	-	-	-

Candy Club Holdings (ASX:CLB) 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.

Candy Club Holdings Long-Term Capital Lease Obligation Related Terms

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Candy Club Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Candy Club Holdings Ltd (ASX:CLB) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

350 Kent Street, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.candyclub.com

Candy Club Holdings Ltd is an Australia-based company. The company has been assessing new project opportunities that would meet ASX re-quotation requirements. The company is organized into one operating segment, being administration services in Australia.