Propel Funeral Partners (Propel Funeral Partners) Long-Term Capital Lease Obligation : $0.0 Mil (As of Dec. 2023)

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What is Propel Funeral Partners Long-Term Capital Lease Obligation?

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

Propel Funeral Partners's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($0.0 Mil) to Jun. 2023 ($20.5 Mil) but then declined from Jun. 2023 ($20.5 Mil) to Dec. 2023 ($0.0 Mil).

Propel Funeral Partners's annual Long-Term Capital Lease Obligation declined from Jun. 2021 ($21.5 Mil) to Jun. 2022 ($20.4 Mil) but then increased from Jun. 2022 ($20.4 Mil) to Jun. 2023 ($20.5 Mil).

Propel Funeral Partners Long-Term Capital Lease Obligation Historical Data

The historical data trend for Propel Funeral Partners'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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Propel Funeral Partners Long-Term Capital Lease Obligation Chart

Propel Funeral Partners Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.23

23.95

21.51

20.37

20.46

Propel Funeral Partners Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								-	20.37	-	20.46	-

Propel Funeral Partners (OTCPK:PFPLF) 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.

Propel Funeral Partners Long-Term Capital Lease Obligation Related Terms

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Propel Funeral Partners (Propel Funeral Partners) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Propel Funeral Partners Ltd (OTCPK:PFPLF) » Definitions » Long-Term Capital Lease Obligation

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PFP:Australia

Address

135 King Street, Level 18.03, Sydney, NSW, AUS, 2000

Website

https://www.propelfuneralpartners.com.au

Propel Funeral Partners Ltd is an Australia-based company engaged in the provision of death care services. The company owns funeral homes, cremation facilities, cemeteries, and related infrastructure in Queensland, New South Wales, Victoria, Tasmania, South Australia, Western Australia, Australian Capital Territory, and New Zealand. It offers a range of services and products across death care such as tailored to personal, religious, or ethnic preferences. The Group is organized into two geographic segments, Australian operations, and New Zealand operations, both of which operate in the death care-related services industry. The Group generates the majority of its revenue from the Australia operations.

Propel Funeral Partners (Propel Funeral Partners) Headlines

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