Press (LSE:PESD) Long-Term Capital Lease Obligation : $3.3 Mil (As of Dec. 2021)

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What is Press Long-Term Capital Lease Obligation?

Press's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2021 was $3.3 Mil.

Press's quarterly Long-Term Capital Lease Obligation declined from Dec. 2019 ($3.6 Mil) to Dec. 2020 ($1.7 Mil) but then increased from Dec. 2020 ($1.7 Mil) to Dec. 2021 ($3.3 Mil).

Press's annual Long-Term Capital Lease Obligation declined from Dec. 2019 ($3.6 Mil) to Dec. 2020 ($1.7 Mil) but then increased from Dec. 2020 ($1.7 Mil) to Dec. 2021 ($3.3 Mil).

Press Long-Term Capital Lease Obligation Historical Data

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

Press Annual Data

Trend

Dec12

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Dec14

Dec15

Dec16

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Dec18

Dec19

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Dec21

Long-Term Capital Lease Obligation

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3.57

1.71

3.31

Press Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Dec20	Dec21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	3.57	1.71	3.31

Press (LSE:PESD) 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.

Press Long-Term Capital Lease Obligation Related Terms

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Press (LSE:PESD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Press Corp PLC (LSE:PESD) » Definitions » Long-Term Capital Lease Obligation

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Address

Kaoshiung Road, PCL House, 3rd Floor, P.O. Box 1227, NBM Top Mandala House, Blantyre, MWI

Website

https://www.presscorp.com

Press Corp PLC through its subsidiaries provides a wide range of Information and Communications Technology-based products and services. The company's business segments are Financial Services, Telecommunications, Energy, Consumer Goods, and all other segments. The Financial Services segment provides retail, corporate and investment banking as well as stockbroking, insurance and pension administration services. The Telecommunications segment provides a wide range of Information and Communications Technology-based products and services. The energy segment involves the manufacture of Ethanol. Consumer Goods segment operates supermarket chain. All other segments are engaged in property investment and development, Holding company, Manufacturer, and distributor of fish products.

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