Southern Cross Electrical Engineering (ASX:SXE) Long-Term Capital Lease Obligation : A$0.0 Mil (As of Dec. 2024)

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What is Southern Cross Electrical Engineering Long-Term Capital Lease Obligation?

Southern Cross Electrical Engineering's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.0 Mil.

Southern Cross Electrical Engineering's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (A$0.0 Mil) to Jun. 2024 (A$4.5 Mil) but then declined from Jun. 2024 (A$4.5 Mil) to Dec. 2024 (A$0.0 Mil).

Southern Cross Electrical Engineering's annual Long-Term Capital Lease Obligation declined from Jun. 2022 (A$8.8 Mil) to Jun. 2023 (A$7.8 Mil) and declined from Jun. 2023 (A$7.8 Mil) to Jun. 2024 (A$4.5 Mil).

Southern Cross Electrical Engineering Long-Term Capital Lease Obligation Historical Data

The historical data trend for Southern Cross Electrical Engineering'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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Southern Cross Electrical Engineering Long-Term Capital Lease Obligation Chart

Southern Cross Electrical Engineering Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Long-Term Capital Lease Obligation

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4.22

5.69

8.82

7.79

4.53

Southern Cross Electrical Engineering Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	7.79	-	4.53	-

Southern Cross Electrical Engineering (ASX:SXE) 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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Southern Cross Electrical Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Southern Cross Electrical Engineering Ltd (ASX:SXE) » Definitions » Long-Term Capital Lease Obligation

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Address

225 St Georges Terrace, Level 15, Perth, WA, AUS, 6000

Website

https://www.scee.com.au

Southern Cross Electrical Engineering Ltd engages in the provision of electrical, instrumentation, communication, and maintenance services. It serves various sectors such as commercial developments; public infrastructure and defence; resources-mining, oil and gas; industrial, utilities and energy; telecommunications and data centres. The company provides its services through the three key segments of SCEE, Heyday, and Trivantage. Geographically, it derives a majority of revenue from Australia.

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