The Environmental Group (ASX:EGL) Long-Term Capital Lease Obligation : A$3.48 Mil (As of Jun. 2024)

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What is The Environmental Group Long-Term Capital Lease Obligation?

The Environmental Group's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$3.48 Mil.

The Environmental Group's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (A$2.02 Mil) to Dec. 2023 (A$0.00 Mil) but then increased from Dec. 2023 (A$0.00 Mil) to Jun. 2024 (A$3.48 Mil).

The Environmental Group's annual Long-Term Capital Lease Obligation increased from Jun. 2022 (A$1.80 Mil) to Jun. 2023 (A$2.02 Mil) and increased from Jun. 2023 (A$2.02 Mil) to Jun. 2024 (A$3.48 Mil).

The Environmental Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for The Environmental Group'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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The Environmental Group Long-Term Capital Lease Obligation Chart

The Environmental Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Long-Term Capital Lease Obligation

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1.63

1.52

1.80

2.02

3.48

The Environmental Group 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															1.80	-	2.02	-	3.48

The Environmental Group (ASX:EGL) 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.

The Environmental Group Long-Term Capital Lease Obligation Related Terms

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The Environmental Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » The Environmental Group Ltd (ASX:EGL) » Definitions » Long-Term Capital Lease Obligation

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Address

315 Ferntree Gulley R, Level 2, Suite 2.01, Mount Waverley, VIC, AUS, 3149

Website

https://www.environmental.com.au

The Environmental Group Ltd is a facility service and environmental solutions company. Its principal activities are the design, application, and servicing of gas and vapor emission control systems, inlet and exhaust systems for gas turbines and engineering services, and water treatment, service, and maintenance of commercial boilers and engineering services, to a wide variety of industries. Its operating segments include EGL Clean Air TAPC, EGL Clean Air Airtight, EGL Energy, EGL Turbine Enhancement, EGL Waste, and others. It generates the majority of its revenue from the EGL Energy segment.