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Spark New Zealand (ASX:SPK) Long-Term Capital Lease Obligation : A$597 Mil (As of Jun. 2024)


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What is Spark New Zealand Long-Term Capital Lease Obligation?

Spark New Zealand's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$597 Mil.

Spark New Zealand's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (A$640 Mil) to Dec. 2023 (A$0 Mil) but then increased from Dec. 2023 (A$0 Mil) to Jun. 2024 (A$597 Mil).

Spark New Zealand's annual Long-Term Capital Lease Obligation increased from Jun. 2022 (A$264 Mil) to Jun. 2023 (A$640 Mil) but then declined from Jun. 2023 (A$640 Mil) to Jun. 2024 (A$597 Mil).

Spark New Zealand Long-Term Capital Lease Obligation Historical Data

The historical data trend for Spark New Zealand'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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Spark New Zealand Long-Term Capital Lease Obligation Chart

Spark New Zealand Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 496.08 377.43 263.99 639.88 597.22

Spark New Zealand Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 263.99 - 639.88 - 597.22

Spark New Zealand  (ASX:SPK) 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.

Spark New Zealand Long-Term Capital Lease Obligation Related Terms

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Spark New Zealand Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Spark New Zealand Ltd (ASX:SPK) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
NZSE:CNU NZSE:VTL TMUS SHSE:600941 VZ T XTER:DTE CMCSA NSE:BHARTIARTL HKSE:00728 TSE:9984 TSE:9432 TSE:9433 TSE:9434 SAU:7010 CHTR MEX:AMX B ADX:EAND SGX:Z74 TPE:2412
Traded in Other Exchanges
SPKKY:USA NZTCF:USA SPK:New Zealand NZT:Germany
Address
167 Victoria Street West, Level 2, Spark City, Private Bag 92028, Auckland, NTL, NZL, 1010
Website
https://www.sparknz.co.nz
Spark is one of only three integrated telecommunications operators in New Zealand. It is the leading mobile network operator with low- to mid-40% subscriber and revenue share, and the dominant provider of fixed-line broadband services with a mid-30% subscriber share. It has a commanding presence in the New Zealand corporate and wholesale telecommunications services provision space. Spark supplements its core telecommunications operations and related infrastructure with IT products and services across cloud, managed data and networks, procurement, data centers, and Internet of Things. Its operations are entirely based in New Zealand, except for its 41% interest in Southern Cross Submarine Cables, which has zero book value and to which Spark has no funding obligations.