Bytes Technology Group (LSE:BYIT) Long-Term Capital Lease Obligation : £1.2 Mil (As of Aug. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Bytes Technology Group Long-Term Capital Lease Obligation?

Bytes Technology Group's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2023 was £1.2 Mil.

Bytes Technology Group's quarterly Long-Term Capital Lease Obligation increased from Aug. 2022 (£0.9 Mil) to Feb. 2023 (£0.9 Mil) and increased from Feb. 2023 (£0.9 Mil) to Aug. 2023 (£1.2 Mil).

Bytes Technology Group's annual Long-Term Capital Lease Obligation declined from Feb. 2021 (£1.2 Mil) to Feb. 2022 (£1.0 Mil) and declined from Feb. 2022 (£1.0 Mil) to Feb. 2023 (£0.9 Mil).

Bytes Technology Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bytes Technology 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.

* Premium members only.

Bytes Technology Group Long-Term Capital Lease Obligation Chart

Bytes Technology Group Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

1.30

1.18

0.99

0.92

Bytes Technology Group Semi-Annual Data
	Feb18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						1.09	0.99	0.90	0.92	1.17

Bytes Technology Group (LSE:BYIT) 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.

Bytes Technology Group Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Bytes Technology Group's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Bytes Technology Group (LSE:BYIT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

BYI:South Africa BYITl:UK 9NY:Germany

Address

Randalls Way, Bytes House, Leatherhead, Surrey, GBR, KT22 7TW

Website

https://www.bytesplc.com

Bytes Technology Group PLC provides IT solutions and services, offering software, hardware and cloud services. It enables effective and cost-efficient technology sourcing, adoption and management across software, security and cloud services. The company's brands include Bytes Software Services (BSS) and Phoenix Software. It generates a majority of its revenue from Software.

Bytes Technology Group (LSE:BYIT) Headlines

No Headlines