QANTM Intellectual Property (ASX:QIP) Long-Term Capital Lease Obligation : A$0.0 Mil (As of Dec. 2023)

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What is QANTM Intellectual Property Long-Term Capital Lease Obligation?

QANTM Intellectual Property's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.0 Mil.

QANTM Intellectual Property's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0.0 Mil) to Jun. 2023 (A$8.4 Mil) but then declined from Jun. 2023 (A$8.4 Mil) to Dec. 2023 (A$0.0 Mil).

QANTM Intellectual Property's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (A$10.8 Mil) to Jun. 2022 (A$7.4 Mil) but then increased from Jun. 2022 (A$7.4 Mil) to Jun. 2023 (A$8.4 Mil).

QANTM Intellectual Property Long-Term Capital Lease Obligation Historical Data

The historical data trend for QANTM Intellectual Property'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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QANTM Intellectual Property Long-Term Capital Lease Obligation Chart

QANTM Intellectual Property Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.12

13.63

10.84

7.36

8.41

QANTM Intellectual Property Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										-	7.36	-	8.41	-

QANTM Intellectual Property (ASX:QIP) 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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QANTM Intellectual Property (ASX:QIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » QANTM Intellectual Property Ltd (ASX:QIP) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

1 Nicholson Street, Level 15, Melbourne, VIC, AUS, 3002

Website

https://www.qantmip.com

QANTM Intellectual Property Ltd is the holding company of intellectual property companies. The company through intellectual property companies provides IP services to a range of Australian and international clients ranging from start-up technology businesses to Fortune 500 multinationals, public research institutions, and universities. The company has identified its operating segments based on geographical locations being Australia and Asia. A substantial portion of its overall revenue is generated from the Australia segment.

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