Ventia Services Group (ASX:VNT) Long-Term Capital Lease Obligation : A$0 Mil (As of Jun. 2024)

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What is Ventia Services Group Long-Term Capital Lease Obligation?

Ventia Services Group's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$0 Mil.

Ventia Services Group's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (A$0 Mil) to Dec. 2023 (A$87 Mil) but then declined from Dec. 2023 (A$87 Mil) to Jun. 2024 (A$0 Mil).

Ventia Services Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (A$78 Mil) to Dec. 2022 (A$87 Mil) and increased from Dec. 2022 (A$87 Mil) to Dec. 2023 (A$87 Mil).

Ventia Services Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ventia Services 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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Ventia Services Group Long-Term Capital Lease Obligation Chart

Ventia Services Group Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

78.20

86.60

87.30

Ventia Services Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	86.60	-	87.30	-

Ventia Services Group (ASX:VNT) 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.

Ventia Services Group Long-Term Capital Lease Obligation Related Terms

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Ventia Services Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ventia Services Group Ltd (ASX:VNT) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

VNT:New Zealand

Address

80 Pacific Highway, Level 8, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.ventia.com

While Ventia is not the largest player with an estimated 7.5% share of addressable markets, it is a leading infrastructure maintenance services provider in Australia and New Zealand. Its capabilities span the full asset lifecycle including operations and maintenance, facilities management, minor capital works, environmental services, and other solutions. And its business model is favorably capital-light via flexing of a large contractor base complementing a deep pool of talented employees. Ventia has long-term relationships with a diverse range of public and private sector clients with many client relationships maintained for decades. Contracts are favorably long with an average five-year duration at inception and most containing some form of embedded price escalation.