Arcontech Group (LSE:ARC) Long-Term Capital Lease Obligation : £0.48 Mil (As of Dec. 2023)

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What is Arcontech Group Long-Term Capital Lease Obligation?

Arcontech Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.48 Mil.

Arcontech Group's quarterly Long-Term Capital Lease Obligation stayed the same from Dec. 2022 (£0.00 Mil) to Jun. 2023 (£0.00 Mil) but then increased from Jun. 2023 (£0.00 Mil) to Dec. 2023 (£0.48 Mil).

Arcontech Group's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (£0.20 Mil) to Jun. 2022 (£0.05 Mil) and declined from Jun. 2022 (£0.05 Mil) to Jun. 2023 (£0.00 Mil).

Arcontech Group Long-Term Capital Lease Obligation Historical Data

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

Arcontech Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.34

0.20

0.05

Arcontech Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.12	0.05	-	-	0.48

Arcontech Group (LSE:ARC) 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.

Arcontech Group Long-Term Capital Lease Obligation Related Terms

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Arcontech Group (LSE:ARC) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Arcontech Group PLC (LSE:ARC) » Definitions » Long-Term Capital Lease Obligation

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Address

11-21 Paul Street, 1st Floor, London, GBR, EC2A 4JU

Website

https://www.arcontech.com

Arcontech Group PLC is a real-time software company. The company develops and sells products and bespoke systems for collection, processing, distribution and presentation and time-sensitive financial markets data and provides computer consultancy services. Its products include Cityvision, Excelerator, Cityvison Cache, Cityvision Relay etc. The company has a software development and license fees segment. It operates in UK, Europe (excluding UK), Africa, North America, Australia, and Asia Pacific.