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BiON (LSE:BION) Long-Term Capital Lease Obligation : £0.00 Mil (As of Oct. 2022)


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What is BiON Long-Term Capital Lease Obligation?

BiON's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2022 was £0.00 Mil.

BiON's quarterly Long-Term Capital Lease Obligation declined from Dec. 2020 (£1.02 Mil) to Jun. 2021 (£0.98 Mil) and declined from Jun. 2021 (£0.98 Mil) to Oct. 2022 (£0.00 Mil).

BiON's annual Long-Term Capital Lease Obligation declined from Sep. 2016 (£0.09 Mil) to Sep. 2017 (£0.08 Mil) but then increased from Sep. 2017 (£0.08 Mil) to Dec. 2019 (£1.08 Mil).


BiON Long-Term Capital Lease Obligation Historical Data

The historical data trend for BiON'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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BiON Long-Term Capital Lease Obligation Chart

BiON Annual Data
Trend Sep15 Sep16 Sep17 Dec19
Long-Term Capital Lease Obligation
- 0.09 0.08 1.08

BiON Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Jun19 Dec19 Jun20 Dec20 Jun21 Oct22
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 1.08 1.11 1.02 0.98 -

BiON  (LSE:BION) 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.

BiON Long-Term Capital Lease Obligation Related Terms

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BiON (LSE:BION) Business Description

Traded in Other Exchanges
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Address
Jalan Dutamas 1, D2-3-1 Solaris Dutamas 1, Kuala Lumpur, SGR, MYS, 50480
BiON PLC and its subsidiaries are engaged in research and development, provision of professional engineering consultancy, and process design services. It provides services in the areas of industrial biotechnology, pollution control, and renewable energy; and engineering, procurement, and construction of various wastewater treatment plants/systems; and development, commercialization, operation, and maintenance of renewable energy power plants. The company operates in two business segments providing consulting and contract services to customers in the renewable energy sector and the supply of power to National Grid. The consulting and contract segment generates a vast majority of its revenues.

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