Clean Seas Seafood (ASX:CSS) Long-Term Capital Lease Obligation : A$0.51 Mil (As of Jun. 2024)

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What is Clean Seas Seafood Long-Term Capital Lease Obligation?

Clean Seas Seafood's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$0.51 Mil.

Clean Seas Seafood's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (A$0.82 Mil) to Dec. 2023 (A$0.00 Mil) but then increased from Dec. 2023 (A$0.00 Mil) to Jun. 2024 (A$0.51 Mil).

Clean Seas Seafood's annual Long-Term Capital Lease Obligation declined from Jun. 2022 (A$1.10 Mil) to Jun. 2023 (A$0.82 Mil) and declined from Jun. 2023 (A$0.82 Mil) to Jun. 2024 (A$0.51 Mil).

Clean Seas Seafood Long-Term Capital Lease Obligation Historical Data

The historical data trend for Clean Seas Seafood'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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Clean Seas Seafood Long-Term Capital Lease Obligation Chart

Clean Seas Seafood Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Long-Term Capital Lease Obligation

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2.34

1.43

1.10

0.82

0.51

Clean Seas Seafood Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.10	-	0.82	-	0.51

Clean Seas Seafood (ASX:CSS) 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.

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Clean Seas Seafood Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Clean Seas Seafood Ltd (ASX:CSS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CTUNF:USA CSS:Norway C7S:Germany

Address

7 Frederick Road, Royal Park, Adelaide, SA, AUS, 5014

Website

https://www.cleanseas.com.au

Clean Seas Seafood Ltd is engaged in full-cycle breeding, production, and sale of Yellowtail Kingfish. The company's operating segments are Finfish Sales and Tuna Operations. It generates a majority of its revenue from the Finfish sales segment. The fish sales segment includes Yellowtail Kingfish, Mulloway, and some wild caught Tuna. Geographically, it derives a majority of its revenue from Australia and also has a presence in Europe and Other countries.