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Aptitude Software Group (CHIX:APTDL) Long-Term Capital Lease Obligation : £2.42 Mil (As of Dec. 2024)


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What is Aptitude Software Group Long-Term Capital Lease Obligation?

Aptitude Software Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was £2.42 Mil.

Aptitude Software Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (£2.59 Mil) to Jun. 2024 (£2.37 Mil) but then increased from Jun. 2024 (£2.37 Mil) to Dec. 2024 (£2.42 Mil).

Aptitude Software Group's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (£3.20 Mil) to Dec. 2023 (£2.59 Mil) and declined from Dec. 2023 (£2.59 Mil) to Dec. 2024 (£2.42 Mil).


Aptitude Software Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Aptitude Software Group'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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Aptitude Software Group Long-Term Capital Lease Obligation Chart

Aptitude Software Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.97 2.78 3.20 2.59 2.42

Aptitude Software Group Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.20 2.92 2.59 2.37 2.42

Aptitude Software Group  (CHIX:APTDl) 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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Aptitude Software Group Business Description

Industry
Traded in Other Exchanges
Address
138 Cheapside, 8th Floor, London, GBR, EC2V 6BJ
Aptitude Software Group PLC is engaged in the provision of IT services and solutions, including software-based activity. It operates its business through the Aptitude Software Segment. Its Aptitude Software business provides a series of specialized financial management software applications, and the majority of the revenue is derived from software licenses, software subscription fees, maintenance, support, funded development, and related consultancy. It operates in two geographic regions, the United Kingdom and the Rest of the world, and the majority of its revenue comes from the United Kingdom.

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