McMillan Shakespeare (McMillan Shakespeare) Long-Term Capital Lease Obligation : $0.0 Mil (As of Dec. 2023)

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What is McMillan Shakespeare Long-Term Capital Lease Obligation?

McMillan Shakespeare's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil.

McMillan Shakespeare's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($0.0 Mil) to Jun. 2023 ($27.8 Mil) but then declined from Jun. 2023 ($27.8 Mil) to Dec. 2023 ($0.0 Mil).

McMillan Shakespeare's annual Long-Term Capital Lease Obligation declined from Jun. 2021 ($36.1 Mil) to Jun. 2022 ($32.9 Mil) and declined from Jun. 2022 ($32.9 Mil) to Jun. 2023 ($27.8 Mil).

McMillan Shakespeare Long-Term Capital Lease Obligation Historical Data

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

McMillan Shakespeare Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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12.36

36.14

32.93

27.77

McMillan Shakespeare Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	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															-	32.93	-	27.77	-

McMillan Shakespeare (OTCPK:MCSLF) 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.

McMillan Shakespeare Long-Term Capital Lease Obligation Related Terms

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McMillan Shakespeare (McMillan Shakespeare) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » McMillan Shakespeare Ltd (OTCPK:MCSLF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MMS:Australia

Address

360 Elizabeth Street, Floor 21, Melbourne, VIC, AUS, 3000

Website

https://www.mmsg.com.au

McMillan Shakespeare Ltd is a provider of salary packaging, novated leasing, disability plan management and support coordination, asset management, and related financial products and services. It also cross-sells its salary packaging services to private entities via its asset management business in Australia and New Zealand, and it has acquired asset management businesses in the U.K. McMillan's asset management businesses provide motor vehicle leasing and fleet management services. The group has three operating segments: Group Remuneration Services, Asset Management Services, and Plan and Support Services. The prime revenue is generated from Asset Management segment.

McMillan Shakespeare (McMillan Shakespeare) Headlines

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