CLS Holdings (CHIX:CLIL) Long-Term Capital Lease Obligation : £3.4 Mil (As of Jun. 2024)

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What is CLS Holdings Long-Term Capital Lease Obligation?

CLS Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was £3.4 Mil.

CLS Holdings's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (£3.4 Mil) to Dec. 2023 (£3.5 Mil) but then declined from Dec. 2023 (£3.5 Mil) to Jun. 2024 (£3.4 Mil).

CLS Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (£3.4 Mil) to Dec. 2022 (£3.6 Mil) but then declined from Dec. 2022 (£3.6 Mil) to Dec. 2023 (£3.5 Mil).

CLS Holdings Long-Term Capital Lease Obligation Historical Data

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

CLS Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.40

3.60

3.50

CLS Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.50	3.60	3.40	3.50	3.40

CLS Holdings (CHIX:CLIl) 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.

CLS Holdings Long-Term Capital Lease Obligation Related Terms

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CLS Holdings Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CLS Holdings PLC (CHIX:CLIl) » Definitions » Long-Term Capital Lease Obligation

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CLI:UK

Address

16 Tinworth Street, London, GBR, SE11 5AL

Website

https://www.clsholdings.com

CLS Holdings PLC is a commercial property investment firm focused on office space. The company has two operating segments: Investment property and Other investments. The Investment property segment includes properties in the United Kingdom, Germany, and France, with over half of its assets in the United Kingdom. The Other investments comprise the hotel at Spring Mews and other small corporate investments. The company invests in noncentral locations that have efficient access to transportation and are located in large cities. CLS Holdings generates most of its revenue from rental income.

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