Harmoney (ASX:HMY) Long-Term Capital Lease Obligation : A$0.0 Mil (As of Dec. 2023)

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What is Harmoney Long-Term Capital Lease Obligation?

Harmoney's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.0 Mil.

Harmoney's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (A$0.0 Mil) to Jun. 2022 (A$0.0 Mil) but then stayed the same from Jun. 2022 (A$0.0 Mil) to Jun. 2023 (A$0.0 Mil).

Harmoney Long-Term Capital Lease Obligation Historical Data

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

Harmoney Annual Data

Trend

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

0.01

Harmoney Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	-	-	-	-

Harmoney (ASX:HMY) 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.

Harmoney Long-Term Capital Lease Obligation Related Terms

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Harmoney (ASX:HMY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Harmoney Corp Ltd (ASX:HMY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

110 Customs Street West, Level 3, Auckland, NTL, NZL, 1010

Website

https://www.harmoney.co.nz

Harmoney Corp Ltd operates in the consumer credit industry. The company provides online direct personal lending services in Australia and New Zealand. It offers personal loans, car loans, wedding loans, holiday loans, education loans, business loans, and home improvement loans.