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Openn Negotiation (ASX:OPN) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)


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What is Openn Negotiation Long-Term Capital Lease Obligation?

Openn Negotiation's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil.

Openn Negotiation's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0.00 Mil) to Jun. 2023 (A$0.16 Mil) but then declined from Jun. 2023 (A$0.16 Mil) to Dec. 2023 (A$0.00 Mil).


Openn Negotiation Long-Term Capital Lease Obligation Historical Data

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

Openn Negotiation Annual Data
Trend Jun22
Long-Term Capital Lease Obligation
-

Openn Negotiation Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial - - - 0.16 -

Openn Negotiation  (ASX:OPN) 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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Openn Negotiation (ASX:OPN) Business Description

Industry
Traded in Other Exchanges
N/A
Address
4 Stirling Road, Level 1, PO Box 896, Claremont, WA, AUS, 6910
Openn Negotiation Ltd operates a property technology business providing a proprietary cloud-based software platform to support real estate agents in selling property online with greater transparency. Its revenues are majorly driven by the number of agents certified to use the Openn platform and the number of properties uploaded for sale through the Openn platform each month. Geographically company derives key revenue from Australia and includes The USA.

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