Platinum Asia Investments (ASX:PAI) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)

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What is Platinum Asia Investments Long-Term Capital Lease Obligation?

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

Platinum Asia Investments Long-Term Capital Lease Obligation Historical Data

The historical data trend for Platinum Asia Investments'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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Platinum Asia Investments Long-Term Capital Lease Obligation Chart

Platinum Asia Investments Annual Data

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Long-Term Capital Lease Obligation

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Platinum Asia Investments Semi-Annual Data
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Platinum Asia Investments (ASX:PAI) 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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Platinum Asia Investments (ASX:PAI) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Platinum Asia Investments Ltd (ASX:PAI) » Definitions » Long-Term Capital Lease Obligation

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Address

7 Macquarie Place, Level 8, Sydney, NSW, AUS, 2000

Website

https://www.platinum.com.au

Platinum Asia Investments Ltd is a closed-ended investment company. The company is engaged in the investment of funds internationally into securities of companies. Its objective is to seek long-term capital growth by utilizing the skills of the investment manager and administrator. It benchmarks the performance of its portfolio against the MSCI All Country Asia ex-Japan Net Index. The majority of the investment income is generated from Equity securities. Geographically, it generates the majority of revenue from Greater China.