Smiths Group (Smiths Group) Long-Term Capital Lease Obligation : $118 Mil (As of Jan. 2024)

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What is Smiths Group Long-Term Capital Lease Obligation?

Smiths Group's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $118 Mil.

Smiths Group's quarterly Long-Term Capital Lease Obligation increased from Jan. 2023 ($103 Mil) to Jul. 2023 ($117 Mil) and increased from Jul. 2023 ($117 Mil) to Jan. 2024 ($118 Mil).

Smiths Group's annual Long-Term Capital Lease Obligation declined from Jul. 2021 ($130 Mil) to Jul. 2022 ($108 Mil) but then increased from Jul. 2022 ($108 Mil) to Jul. 2023 ($117 Mil).

Smiths Group Long-Term Capital Lease Obligation Historical Data

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

Smiths Group Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Long-Term Capital Lease Obligation

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82.59

129.83

107.91

117.27

Smiths Group Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															124.66	107.91	102.82	117.27	118.17

Smiths Group (OTCPK:SMGKF) 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.

Smiths Group Long-Term Capital Lease Obligation Related Terms

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Smiths Group (Smiths Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Smiths Group PLC (OTCPK:SMGKF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

SMGZY:USA SMINl:UK SMIN:UK QS2A:Germany

Address

11-12 St James’s Square, 4th Floor, London, GBR, SW1Y 4LB

Website

https://www.smiths.com

With its start as a London jeweler in the 19th century, Smiths Group has for most of its history operated as a company operating disparate but economically attractive businesses. Thematically, it runs businesses that manufacture niche products in security- or safety-sensitive industries. Today, the business is split across four divisions: mechanical seals, weapons detection, electrical connectors, and specialized hoses. The end customers for these products include airports, NASA, government security or defense departments, and hospitals.