Seafarms Group (ASX:SFG) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)

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What is Seafarms Group Long-Term Capital Lease Obligation?

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

Seafarms Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0.00 Mil) to Jun. 2023 (A$1.14 Mil) but then declined from Jun. 2023 (A$1.14 Mil) to Dec. 2023 (A$0.00 Mil).

Seafarms Group's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (A$18.38 Mil) to Jun. 2022 (A$1.03 Mil) but then increased from Jun. 2022 (A$1.03 Mil) to Jun. 2023 (A$1.14 Mil).

Seafarms Group Long-Term Capital Lease Obligation Historical Data

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

Seafarms Group Annual Data

Trend

Sep13

Sep14

Sep15

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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17.63

18.65

18.38

1.03

1.14

Seafarms Group Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	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															-	1.03	-	1.14	-

Seafarms Group (ASX:SFG) 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.

Seafarms Group Long-Term Capital Lease Obligation Related Terms

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Seafarms Group (ASX:SFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Seafarms Group Ltd (ASX:SFG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

66 Smith Street, Level 6, Darwin, NT, AUS, 0800

Website

https://www.seafarms.com.au

Seafarms Group Ltd is an Australian agri-food company engaged in providing production platforms for producing high-quality seafood. The company's operating segment include Aquaculture and others. It generates maximum revenue from the Aquaculture segment. The company's project includes Sea Dragon and operates a black tiger and banana prawn aquaculture business located in North Queensland. Its product profile includes crystal bay prawns and crystal bay tigers.

Seafarms Group (ASX:SFG) Headlines

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