Veris (ASX:VRS) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2024)

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What is Veris Long-Term Capital Lease Obligation?

Veris's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.00 Mil.

Veris's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (A$0.00 Mil) to Jun. 2024 (A$10.96 Mil) but then declined from Jun. 2024 (A$10.96 Mil) to Dec. 2024 (A$0.00 Mil).

Veris's annual Long-Term Capital Lease Obligation declined from Jun. 2022 (A$16.53 Mil) to Jun. 2023 (A$13.43 Mil) and declined from Jun. 2023 (A$13.43 Mil) to Jun. 2024 (A$10.96 Mil).

Veris Long-Term Capital Lease Obligation Historical Data

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

Veris Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Long-Term Capital Lease Obligation

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16.36

20.14

16.53

13.43

10.96

Veris 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															-	13.43	-	10.96	-

Veris (ASX:VRS) 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.

Veris Long-Term Capital Lease Obligation Related Terms

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Veris Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Veris Ltd (ASX:VRS) » Definitions » Long-Term Capital Lease Obligation

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Address

41 Bishop Street, Jolimont, WA, AUS, 6017

Website

https://www.veris.com.au

Veris Ltd provides surveying, professional and advisory, and geospatial services in Australia. It has only one operating segment, being a fully integrated digital and spatial data advisory and consulting firm with a national footprint servicing extensive metropolitan and regional centers across Australia. It provides services to both private and public sector clients across the infrastructure, property, resources, utilities, government, and defense sectors. Its impressive client list includes Australia's pre-eminent property groups such as Stockland, Mirvac, and Lendlease, blue chip mining companies such as BHP and Rio Tinto, as well as a host of considerable Engineering consultancies, Tier-one contractors, and Government agencies.