Schaffer (ASX:SFC) Long-Term Capital Lease Obligation : A$0.0 Mil (As of Dec. 2023)

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What is Schaffer Long-Term Capital Lease Obligation?

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

Schaffer's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0.0 Mil) to Jun. 2023 (A$20.0 Mil) but then declined from Jun. 2023 (A$20.0 Mil) to Dec. 2023 (A$0.0 Mil).

Schaffer's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (A$21.7 Mil) to Jun. 2022 (A$18.5 Mil) but then increased from Jun. 2022 (A$18.5 Mil) to Jun. 2023 (A$20.0 Mil).

Schaffer Long-Term Capital Lease Obligation Historical Data

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

Schaffer Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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5.92

28.19

21.68

18.48

20.05

Schaffer Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	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															-	18.48	-	20.05	-

Schaffer (ASX:SFC) 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.

Schaffer Long-Term Capital Lease Obligation Related Terms

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Schaffer (ASX:SFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Schaffer Corp Ltd (ASX:SFC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1305 Hay Street, West Perth, Perth, WA, AUS, 6005

Website

https://www.schaffer.com.au

Schaffer Corp Ltd engages in the business of automotive leather manufacturing. The firm operates through the following segments: The Automotive Leather segment which generates majority revenue for the company manufactures and supplies leather in the automotive industries. The Building Materials segment produces and sells concrete paving, pre-cast, and pre-stressed concrete elements. The Group Investments segment includes syndicated property investments and investment property and includes the leasing office and retail properties. Its geographical segments include Europe, Asia, and Australia of which the majority of the revenue derives from Europe.

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