Vulcan Steel (ASX:VSL) Long-Term Capital Lease Obligation : A$0 Mil (As of Dec. 2023)

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What is Vulcan Steel Long-Term Capital Lease Obligation?

Vulcan Steel's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0 Mil.

Vulcan Steel's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0 Mil) to Jun. 2023 (A$244 Mil) but then declined from Jun. 2023 (A$244 Mil) to Dec. 2023 (A$0 Mil).

Vulcan Steel's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (A$157 Mil) to Jun. 2022 (A$170 Mil) and increased from Jun. 2022 (A$170 Mil) to Jun. 2023 (A$244 Mil).

Vulcan Steel Long-Term Capital Lease Obligation Historical Data

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

Vulcan Steel Annual Data

Trend

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

157.12

170.21

244.13

Vulcan Steel Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	-	170.21	-	244.13	-

Vulcan Steel (ASX:VSL) 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.

Vulcan Steel Long-Term Capital Lease Obligation Related Terms

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Vulcan Steel (ASX:VSL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Vulcan Steel Ltd (ASX:VSL) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

VSL:New Zealand

Address

29 Neales Road, East Tamaki, Auckland, NTL, NZL, 2013

Website

https://www.vulcan.co

Vulcan Steel Ltd is a metals distributor and processor. Its products include Steel, Stainless Steel, Engineering steel, Plate processing, and Coil processing. The company has two operating segments namely, Steel business across New Zealand and Australia which includes Steel distribution, Plate processing, and Coil processing; and Metals business across New , which includes Stainless Steel, Engineering Steel and Aluminium.