Murray River Organics Group (ASX:MRG) Long-Term Capital Lease Obligation : A$2.27 Mil (As of Jun. 2021)

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What is Murray River Organics Group Long-Term Capital Lease Obligation?

Murray River Organics Group's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2021 was A$2.27 Mil.

Murray River Organics Group's quarterly Long-Term Capital Lease Obligation declined from Jun. 2020 (A$2.68 Mil) to Dec. 2020 (A$0.00 Mil) but then increased from Dec. 2020 (A$0.00 Mil) to Jun. 2021 (A$2.27 Mil).

Murray River Organics Group's annual Long-Term Capital Lease Obligation declined from Jun. 2019 (A$27.20 Mil) to Jun. 2020 (A$2.68 Mil) and declined from Jun. 2020 (A$2.68 Mil) to Jun. 2021 (A$2.27 Mil).

Murray River Organics Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Murray River Organics 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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Murray River Organics Group Long-Term Capital Lease Obligation Chart

Murray River Organics Group Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Long-Term Capital Lease Obligation

21.11

22.13

27.20

2.68

2.27

Murray River Organics Group Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					27.20	-	2.68	-	2.27

Murray River Organics Group (ASX:MRG) 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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Murray River Organics Group (ASX:MRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Murray River Organics Group Ltd (ASX:MRG) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

32 Crompton Way, Dandenong South, Melbourne, VIC, AUS, 3175

Website

https://www.murrayriverorganics.com.au

Murray River Organics Group Ltd is a producer, marketer, manufacturer, and seller of organic and natural food products. It produces organic dried vine fruit, nuts, dried fruit, seeds, berries, grains, coconut, and other ingredients.

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