Harvey Norman Holdings (ASX:HVN) Long-Term Capital Lease Obligation : A$0 Mil (As of Dec. 2023)

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What is Harvey Norman Holdings Long-Term Capital Lease Obligation?

Harvey Norman Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0 Mil.

Harvey Norman Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0 Mil) to Jun. 2023 (A$1,178 Mil) but then declined from Jun. 2023 (A$1,178 Mil) to Dec. 2023 (A$0 Mil).

Harvey Norman Holdings's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (A$1,043 Mil) to Jun. 2022 (A$1,065 Mil) and increased from Jun. 2022 (A$1,065 Mil) to Jun. 2023 (A$1,178 Mil).

Harvey Norman Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Harvey Norman 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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Harvey Norman Holdings Long-Term Capital Lease Obligation Chart

Harvey Norman Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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1.94

1,042.81

1,043.28

1,065.34

1,177.77

Harvey Norman Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	1,065.34	-	1,177.77	-

Harvey Norman Holdings (ASX:HVN) 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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Harvey Norman Holdings (ASX:HVN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Harvey Norman Holdings Ltd (ASX:HVN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

HNORY:USA HNN:Germany

Address

A1 Richmond Road, Homebush West, Sydney, NSW, AUS, 2140

Website

https://www.harveynormanholdings.com.au

Harvey Norman Holdings Ltd is the franchisor of Harvey Norman, a leading Australia-based retailer that sells goods from the electrical, computer, furniture, entertainment, and bedding sectors. The majority of earnings are generated in Australia, with the international divisions gradually growing in significance.

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