Plexus Holdings (LSE:POS) Long-Term Capital Lease Obligation : £0.28 Mil (As of Dec. 2023)

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What is Plexus Holdings Long-Term Capital Lease Obligation?

Plexus Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.28 Mil.

Plexus Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (£0.78 Mil) to Jun. 2023 (£0.43 Mil) and declined from Jun. 2023 (£0.43 Mil) to Dec. 2023 (£0.28 Mil).

Plexus Holdings's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (£1.09 Mil) to Jun. 2022 (£0.76 Mil) and declined from Jun. 2022 (£0.76 Mil) to Jun. 2023 (£0.43 Mil).

Plexus Holdings Long-Term Capital Lease Obligation Historical Data

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

Plexus Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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1.40

1.09

0.76

0.43

Plexus Holdings 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															1.02	0.76	0.78	0.43	0.28

Plexus Holdings (LSE:POS) 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.

Plexus Holdings Long-Term Capital Lease Obligation Related Terms

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Plexus Holdings (LSE:POS) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Plexus Holdings PLC (LSE:POS) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

POS.GB:UK

Address

Yeoman Way, Highdown House, Worthing, West Sussex, GBR, BN99 3HH

Website

https://www.plexusplc.com

Plexus Holdings PLC is active in the business of oil and gas engineering and service. It is engaged in marketing a patented friction-grip method of engineering for oil and gas field wellheads and connectors, named POS-GRIP. The company derives revenue from the sale of its POS-GRIP technology and associated products, the rental of wellheads utilizing the POS-GRIP technology, and service income principally derived from assisting with the commissioning and ongoing service requirements of its equipment. It operates its business across the world. The majority of the revenue of the company is generated from the United Kingdom followed by Europe and the Rest of the world.

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