Van Elle Holdings (LSE:VANL) Long-Term Capital Lease Obligation : £4.7 Mil (As of Oct. 2023)

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What is Van Elle Holdings Long-Term Capital Lease Obligation?

Van Elle Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was £4.7 Mil.

Van Elle Holdings's quarterly Long-Term Capital Lease Obligation increased from Oct. 2022 (£5.8 Mil) to Apr. 2023 (£6.2 Mil) but then declined from Apr. 2023 (£6.2 Mil) to Oct. 2023 (£4.7 Mil).

Van Elle Holdings's annual Long-Term Capital Lease Obligation declined from Apr. 2021 (£6.3 Mil) to Apr. 2022 (£5.2 Mil) but then increased from Apr. 2022 (£5.2 Mil) to Apr. 2023 (£6.2 Mil).

Van Elle Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Van Elle 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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Van Elle Holdings Long-Term Capital Lease Obligation Chart

Van Elle Holdings Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Long-Term Capital Lease Obligation

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6.71

7.46

6.31

5.16

6.18

Van Elle Holdings Semi-Annual Data
	Apr14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial														5.47	5.16	5.80	6.18	4.65

Van Elle Holdings (LSE:VANL) 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.

Van Elle Holdings Long-Term Capital Lease Obligation Related Terms

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Van Elle Holdings (LSE:VANL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Van Elle Holdings PLC (LSE:VANL) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Southwell Lane Industrial Estate, Summit Close, Kirkby-in-Ashfield, Nottinghamshire, GBR, NG17 8GJ

Website

https://www.van-elle.co.uk

Van Elle Holdings PLC is a geotechnical contractor. The company is engaged in providing ground engineering techniques and services. The operating segments of the company are General Piling, Specialist Piling, and Ground Engineering Services. Other services provided by the company are Rail Sheet Piling, Screw Piles, Specialist Piling, Rotary Bored Piling Foundation Testing, Driven Piling, and others. The firm generates a majority of its revenue from the General Piling Segment.

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