RLF AgTech (ASX:RLF) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)

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What is RLF AgTech Long-Term Capital Lease Obligation?

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

RLF AgTech's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0.00 Mil) to Jun. 2023 (A$0.23 Mil) but then declined from Jun. 2023 (A$0.23 Mil) to Dec. 2023 (A$0.00 Mil).

RLF AgTech's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (A$0.00 Mil) to Jun. 2022 (A$0.31 Mil) but then declined from Jun. 2022 (A$0.31 Mil) to Jun. 2023 (A$0.23 Mil).

RLF AgTech Long-Term Capital Lease Obligation Historical Data

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

RLF AgTech Annual Data

Trend

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

0.31

0.23

RLF AgTech Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	0.31	-	0.23	-

RLF AgTech (ASX:RLF) 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.

RLF AgTech Long-Term Capital Lease Obligation Related Terms

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RLF AgTech (ASX:RLF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » RLF AgTech Ltd (ASX:RLF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

61 Dowd Street, Welshpool, Perth, WA, AUS, 6106

Website

https://www.rlfagtech.com

RLF AgTech Ltd is engaged in the manufacturing and sale of technology-based plant nutrition products. Its offerings include Seed Primers, Soil & Fertigation, and Foliar.

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