Victrex (LSE:VCT) Long-Term Capital Lease Obligation

: £8.9 Mil (As of Sep. 2023)

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Victrex's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was £8.9 Mil.

Victrex's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (£7.8 Mil) to Mar. 2023 (£9.5 Mil) but then declined from Mar. 2023 (£9.5 Mil) to Sep. 2023 (£8.9 Mil).

Victrex's annual Long-Term Capital Lease Obligation declined from Sep. 2021 (£8.2 Mil) to Sep. 2022 (£7.8 Mil) but then increased from Sep. 2022 (£7.8 Mil) to Sep. 2023 (£8.9 Mil).

Victrex Long-Term Capital Lease Obligation Historical Data

The historical data trend for Victrex'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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Victrex Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

5.60

8.20

7.80

8.90

Victrex Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation																8.20	7.30	7.80	9.50	8.90

Victrex (LSE:VCT) 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.

Victrex Long-Term Capital Lease Obligation Related Terms

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Victrex (LSE:VCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Victrex PLC (LSE:VCT) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

VTXPF:USA VCTl:UK 1OY:Germany

Address

Victrex Technology Centre, Hillhouse International, Thornton Cleveleys, Lancashire, GBR, FY5 4QD

Website

https://www.victrexplc.com

Victrex is a British specialty chemicals company whose business is based predominantly on manufacturing and creating solutions using polyetheretherketone, or PEEK, an ultra-high-performance lightweight plastic. Around 40% of sales are generated in Europe, with Asia and the Americas contributing 30% each. The business has two segments. The industrial segment targets transportation, energy, electronics, and manufacturing, while the medical segment provides healthcare solutions for the implantable device markets.

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