Investore Property (NZSE:IPL) Long-Term Capital Lease Obligation : NZ$13.16 Mil (As of Mar. 2024)

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What is Investore Property Long-Term Capital Lease Obligation?

Investore Property's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NZ$13.16 Mil.

Investore Property's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (NZ$8.24 Mil) to Sep. 2023 (NZ$0.00 Mil) but then increased from Sep. 2023 (NZ$0.00 Mil) to Mar. 2024 (NZ$13.16 Mil).

Investore Property's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (NZ$18.36 Mil) to Mar. 2023 (NZ$8.24 Mil) but then increased from Mar. 2023 (NZ$8.24 Mil) to Mar. 2024 (NZ$13.16 Mil).

Investore Property Long-Term Capital Lease Obligation Historical Data

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

Investore Property Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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11.07

15.36

18.36

8.24

13.16

Investore Property Semi-Annual Data
	Sep16	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										18.36	-	8.24	-	13.16

Investore Property (NZSE:IPL) 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.

Investore Property Long-Term Capital Lease Obligation Related Terms

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Investore Property (NZSE:IPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Investore Property Ltd (NZSE:IPL) » Definitions » Long-Term Capital Lease Obligation

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Address

34 Shortland Street, Level 12, Auckland, NZL, 1010

Website

https://www.investoreproperty.co.nz

Investore Property Ltd is a commercial property ownership business that has been established to invest in quality Large Format Retail property assets. Its Large Format Retail includes single-story or low-level properties comprising retail shops and outlets and car parking areas. The group is reported to have a single operating segment, being large format retail properties. The company derives revenue from Rental income.

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