Smart (J) (Contractors) (LSE:SMJ) Long-Term Capital Lease Obligation : £0.21 Mil (As of Jan. 2024)

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What is Smart (J) (Contractors) Long-Term Capital Lease Obligation?

Smart (J) (Contractors)'s Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was £0.21 Mil.

Smart (J) (Contractors)'s quarterly Long-Term Capital Lease Obligation stayed the same from Jan. 2023 (£0.21 Mil) to Jul. 2023 (£0.21 Mil) and stayed the same from Jul. 2023 (£0.21 Mil) to Jan. 2024 (£0.21 Mil).

Smart (J) (Contractors)'s annual Long-Term Capital Lease Obligation declined from Jul. 2021 (£0.21 Mil) to Jul. 2022 (£0.21 Mil) but then stayed the same from Jul. 2022 (£0.21 Mil) to Jul. 2023 (£0.21 Mil).

Smart (J) (Contractors) Long-Term Capital Lease Obligation Historical Data

The historical data trend for Smart (J) (Contractors)'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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Smart (J) (Contractors) Long-Term Capital Lease Obligation Chart

Smart (J) (Contractors) Annual Data

Trend

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Long-Term Capital Lease Obligation

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0.21

Smart (J) (Contractors) Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.21	0.21	0.21	0.21	0.21

Smart (J) (Contractors) (LSE:SMJ) 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.

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Smart (J) (Contractors) (LSE:SMJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Smart (J) & Co (Contractors) PLC (LSE:SMJ) » Definitions » Long-Term Capital Lease Obligation

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Address

28 Cramond Road South, Edinburgh, GBR, EH4 6AB

Website

https://www.jsmart.co.uk

Smart (J) & Co (Contractors) PLC is a construction company. Its activities include building and civil engineering contracting, a residential development for sale, and the development of industrial and commercial property for lease and sale. The main construction activity undertaken by the company is that of social housing for several housing associations and registered social landlords predominately in the Edinburgh area. It has a portfolio of self-financed industrial and commercial properties that are owned and managed by its subsidiary company. The investment properties are located throughout the central belt of Scotland and in the Edinburgh area.

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