Fletcher Building (NZSE:FBU) Long-Term Capital Lease Obligation : NZ$1,272 Mil (As of Jun. 2024)

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What is Fletcher Building Long-Term Capital Lease Obligation?

Fletcher Building's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was NZ$1,272 Mil.

Fletcher Building's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (NZ$1,404 Mil) to Dec. 2023 (NZ$0 Mil) but then increased from Dec. 2023 (NZ$0 Mil) to Jun. 2024 (NZ$1,272 Mil).

Fletcher Building's annual Long-Term Capital Lease Obligation declined from Jun. 2022 (NZ$1,470 Mil) to Jun. 2023 (NZ$1,404 Mil) and declined from Jun. 2023 (NZ$1,404 Mil) to Jun. 2024 (NZ$1,272 Mil).

Fletcher Building Long-Term Capital Lease Obligation Historical Data

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

Fletcher Building Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Long-Term Capital Lease Obligation

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1,549.00

1,519.00

1,470.00

1,404.00

1,272.00

Fletcher Building 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															1,470.00	-	1,404.00	-	1,272.00

Fletcher Building (NZSE:FBU) 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.

Fletcher Building Long-Term Capital Lease Obligation Related Terms

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Fletcher Building Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Fletcher Building Ltd (NZSE:FBU) » Definitions » Long-Term Capital Lease Obligation

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FRCEF:USA FCREY:USA FLQ:Germany FBU:Australia

Address

810 Great South Road, Penrose, Auckland, NTL, NZL, 1061

Website

https://www.fletcherbuilding.com

Fletcher Building is a New Zealand-based building materials company with operations focused in New Zealand, but also extending to Australia. It has a conglomerate structure with diverse operations across concrete, building products, steel, retail distribution, construction, and development. Having previously expanded internationally through acquisitions, operations have gradually refocused on the New Zealand and Australian businesses.

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