Peet (ASX:PPC) Long-Term Capital Lease Obligation : A$0.0 Mil (As of Dec. 2024)

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What is Peet Long-Term Capital Lease Obligation?

Peet's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.0 Mil.

Peet's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (A$0.0 Mil) to Jun. 2024 (A$3.9 Mil) but then declined from Jun. 2024 (A$3.9 Mil) to Dec. 2024 (A$0.0 Mil).

Peet's annual Long-Term Capital Lease Obligation declined from Jun. 2022 (A$1.8 Mil) to Jun. 2023 (A$1.2 Mil) but then increased from Jun. 2023 (A$1.2 Mil) to Jun. 2024 (A$3.9 Mil).

Peet Long-Term Capital Lease Obligation Historical Data

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

Peet Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Long-Term Capital Lease Obligation

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5.52

3.72

1.77

1.25

3.94

Peet Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	1.25	-	3.94	-

Peet (ASX:PPC) 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.

Peet Long-Term Capital Lease Obligation Related Terms

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Peet Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Peet Ltd (ASX:PPC) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

200 Street Georges Terrace, Level 7, Perth, WA, AUS, 6000

Website

https://www.peet.com.au

Peet Ltd acquires, develops, and markets residential land, predominantly under a capital-efficient funds management model. The company earns revenue from the sale of land, underwriting, capital raising, and asset identification services; Ongoing project-related fees mainly project management, selling fees, and performance fees. It operates in the following segment: Funds management; Company-owned projects; Joint arrangements Inter segment transfers and other unallocated. The Company-owned projects segment accounts for the majority of revenue.