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Samarkand Group (AQSE:SMK) Long-Term Capital Lease Obligation : £0.62 Mil (As of Mar. 2024)


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What is Samarkand Group Long-Term Capital Lease Obligation?

Samarkand Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was £0.62 Mil.

Samarkand Group's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (£0.26 Mil) to Sep. 2023 (£0.11 Mil) but then increased from Sep. 2023 (£0.11 Mil) to Mar. 2024 (£0.62 Mil).

Samarkand Group's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (£0.46 Mil) to Mar. 2023 (£0.26 Mil) but then increased from Mar. 2023 (£0.26 Mil) to Mar. 2024 (£0.62 Mil).


Samarkand Group Long-Term Capital Lease Obligation Historical Data

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

Samarkand Group Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Long-Term Capital Lease Obligation
0.97 0.72 0.46 0.26 0.62

Samarkand Group Semi-Annual Data
Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only 0.46 0.32 0.26 0.11 0.62

Samarkand Group  (AQSE:SMK) 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.

Samarkand Group Long-Term Capital Lease Obligation Related Terms

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Samarkand Group Business Description

Traded in Other Exchanges
N/A
Address
Ingot Way, Unit 13 Tonbridge Trade Park, Tonbridge, GBR, TN9 1GN
Samarkand Group PLC is a cross-border eCommerce technology and retail group focusing on connecting Western Brands with China. It has developed a proprietary software platform, the Nomad, which is integrated across eCommerce platforms, payments, logistics, social media, and customs. The core products include Nomad Checkout, Nomad Storefront, and Nomad Distribution. The Group has one reportable segment with four revenue streams; Brand Ownership, Brand Acceleration, Nomad Checkout, and Distribution business units engaged in the B2B and B2C sale of products and e-commerce technology solutions for Western brands and retailers selling in China. It generates maximum revenue from China and the rest from the United Kingdom and the rest of the world.

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