EKF Diagnostics Holdings (EKF Diagnostics Holdings) Long-Term Capital Lease Obligation : $0.78 Mil (As of Dec. 2023)

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What is EKF Diagnostics Holdings Long-Term Capital Lease Obligation?

EKF Diagnostics Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.78 Mil.

EKF Diagnostics Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($0.65 Mil) to Jun. 2023 ($0.28 Mil) but then increased from Jun. 2023 ($0.28 Mil) to Dec. 2023 ($0.78 Mil).

EKF Diagnostics Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($1.46 Mil) to Dec. 2022 ($0.65 Mil) but then increased from Dec. 2022 ($0.65 Mil) to Dec. 2023 ($0.78 Mil).

EKF Diagnostics Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for EKF Diagnostics 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.

* Premium members only.

EKF Diagnostics Holdings Long-Term Capital Lease Obligation Chart

EKF Diagnostics Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.94

0.93

1.46

0.65

0.78

EKF Diagnostics 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															1.46	0.98	0.65	0.28	0.78

EKF Diagnostics Holdings (OTCPK:EKDHF) 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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EKF Diagnostics Holdings (EKF Diagnostics Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » EKF Diagnostics Holdings PLC (OTCPK:EKDHF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

EKF.GB:UK EKF:UK

Address

19 Stanwell Road, Penarth, Avon House, Cardiff, GBR, CF64 2EZ

Website

https://www.ekfdiagnostics.com

EKF Diagnostics Holdings PLC is engaged in the field of medical diagnostics. The company's core business is point-of-care testing and manufacturing reagents for use in central laboratories. It caters to companies focused on areas such as diabetes, blood banking, and sports medicine. The company derives its income from its sales in the United States. Its other markets include Germany, Poland, and Russia.

EKF Diagnostics Holdings (EKF Diagnostics Holdings) Headlines

From GuruFocus

Full Year 2021 EKF Diagnostics Holdings PLC Earnings Call Transcript

By GuruFocus Research • 03-26-2024