QinetiQ Group (QinetiQ Group) Long-Term Capital Lease Obligation : $0 Mil (As of Sep. 2023)

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What is QinetiQ Group Long-Term Capital Lease Obligation?

QinetiQ Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0 Mil.

QinetiQ Group's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 ($20 Mil) to Mar. 2023 ($29 Mil) but then declined from Mar. 2023 ($29 Mil) to Sep. 2023 ($0 Mil).

QinetiQ Group's annual Long-Term Capital Lease Obligation declined from Mar. 2021 ($27 Mil) to Mar. 2022 ($22 Mil) but then increased from Mar. 2022 ($22 Mil) to Mar. 2023 ($29 Mil).

QinetiQ Group Long-Term Capital Lease Obligation Historical Data

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

QinetiQ Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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27.14

27.46

21.87

28.76

QinetiQ Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	21.87	19.71	28.76	-

QinetiQ Group (OTCPK:QNTQY) 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.

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QinetiQ Group (QinetiQ Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » QinetiQ Group PLC (OTCPK:QNTQY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

QNTQF:USA QQl:UK QQ.:UK QY6:Germany

Address

Ively Road, Cody Technology Park, Farnborough, Hampshire, GBR, GU14 0LX

Website

https://www.qinetiq.com

QinetiQ Group PLC is a company operating in the global aerospace, defense, and security sectors. The services and products offered are air (air engineering services, air traffic management, safety, and environmental management); C4ISR (communication, reconnaissance, intelligence and surveillance, space security, fast jet sensor fusion training, sensors, cyber and data science among many others); Cyber (accreditation support, security health check, data classification, insider threat management among others); Maritime ( Maritime Autonomy Centre, Naval Mission Systems, Maritime Stealth among many others).