Mader Group (ASX:MAD) Long-Term Capital Lease Obligation : A$0.0 Mil (As of Dec. 2023)

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What is Mader Group Long-Term Capital Lease Obligation?

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

Mader Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0.0 Mil) to Jun. 2023 (A$7.3 Mil) but then declined from Jun. 2023 (A$7.3 Mil) to Dec. 2023 (A$0.0 Mil).

Mader Group's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (A$3.1 Mil) to Jun. 2022 (A$7.0 Mil) and increased from Jun. 2022 (A$7.0 Mil) to Jun. 2023 (A$7.3 Mil).

Mader Group Long-Term Capital Lease Obligation Historical Data

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

Mader Group Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

2.10

3.13

7.00

7.30

Mader Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					-	7.00	-	7.30	-

Mader Group (ASX:MAD) 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.

Mader Group Long-Term Capital Lease Obligation Related Terms

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Mader Group (ASX:MAD) Business Description

Industry

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MADGF:USA

Address

2 George Wiencke Drive, Perth Airport, Suite A1, Hkew Alpha Building, Perth, WA, AUS, 6105

Website

https://www.madergroup.com.au

Mader Group Ltd is a maintenance services company that supplies tradespeople to resource industry customers. It provides specialized contract labour for the maintenance of heavy mobile equipment in the resources industry. The services provided include maintenance labour, field support, shutdown teams for overhauls, maintenance workshops, training of maintenance teams, and a range of other ancillary services. Its geographical segments include Australia, the United States, and others, of which the majority of the revenue comes from Australia.

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