Nutritional Growth Solutions (ASX:NGS) Long-Term Capital Lease Obligation : A$0.02 Mil (As of Dec. 2023)

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What is Nutritional Growth Solutions Long-Term Capital Lease Obligation?

Nutritional Growth Solutions's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.02 Mil.

Nutritional Growth Solutions's quarterly Long-Term Capital Lease Obligation stayed the same from Dec. 2022 (A$0.00 Mil) to Jun. 2023 (A$0.00 Mil) but then increased from Jun. 2023 (A$0.00 Mil) to Dec. 2023 (A$0.02 Mil).

Nutritional Growth Solutions's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (A$0.05 Mil) to Dec. 2022 (A$0.00 Mil) but then increased from Dec. 2022 (A$0.00 Mil) to Dec. 2023 (A$0.02 Mil).

Nutritional Growth Solutions Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nutritional Growth Solutions'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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Nutritional Growth Solutions Long-Term Capital Lease Obligation Chart

Nutritional Growth Solutions Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.05

0.02

Nutritional Growth Solutions Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			0.05	-	-	-	0.02

Nutritional Growth Solutions (ASX:NGS) 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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Nutritional Growth Solutions (ASX:NGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nutritional Growth Solutions Ltd (ASX:NGS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Hanechoshet Street, Yafo, Tel Aviv, ISR, 6971068

Website

https://www.ngsolutions.co

Nutritional Growth Solutions Ltd is engaged in the business of developing produces and selling clinically tested protein supplements for children. It offers protein shakes and other products to improve the height and weight of children. It generates its revenues through the sale of its products directly to customers. its brands include Horlicks, Healthy Heights, Pro Up, and Healthy Height China. Geographically it operates in the United States and the Rest of the World and the majority of its revenue comes from the united states.