Meridian Energy (NZSE:MEL) Long-Term Capital Lease Obligation : NZ$0 Mil (As of Dec. 2023)

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What is Meridian Energy Long-Term Capital Lease Obligation?

Meridian Energy's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was NZ$0 Mil.

Meridian Energy's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (NZ$0 Mil) to Jun. 2023 (NZ$24 Mil) but then declined from Jun. 2023 (NZ$24 Mil) to Dec. 2023 (NZ$0 Mil).

Meridian Energy's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (NZ$90 Mil) to Jun. 2022 (NZ$37 Mil) and declined from Jun. 2022 (NZ$37 Mil) to Jun. 2023 (NZ$24 Mil).

Meridian Energy Long-Term Capital Lease Obligation Historical Data

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

Meridian Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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31.00

97.00

90.00

37.00

24.00

Meridian Energy 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															-	37.00	-	24.00	-

Meridian Energy (NZSE:MEL) 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.

Meridian Energy Long-Term Capital Lease Obligation Related Terms

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Meridian Energy (NZSE:MEL) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Meridian Energy Ltd (NZSE:MEL) » Definitions » Long-Term Capital Lease Obligation

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Address

287-293 Durham Street North, Christchurch Central, Christchurch, STL, NZL, 8013

Website

https://www.meridianenergy.co.nz

Meridian is New Zealand's largest electricity generator, operating hydro stations and wind farms in New Zealand. Nearly 90% of its electricity is generated from low-cost hydro power plants, with wind making up the rest. The company's main competitors are vertically integrated firms, such as Mercury NZ, Genesis Energy, Contact Energy, and Trustpower.

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