Chemring Group (Chemring Group) Long-Term Capital Lease Obligation : $6.7 Mil (As of Oct. 2023)

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What is Chemring Group Long-Term Capital Lease Obligation?

Chemring Group's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was $6.7 Mil.

Chemring Group's quarterly Long-Term Capital Lease Obligation declined from Oct. 2022 ($4.8 Mil) to Apr. 2023 ($4.6 Mil) but then increased from Apr. 2023 ($4.6 Mil) to Oct. 2023 ($6.7 Mil).

Chemring Group's annual Long-Term Capital Lease Obligation increased from Oct. 2021 ($3.3 Mil) to Oct. 2022 ($4.8 Mil) and increased from Oct. 2022 ($4.8 Mil) to Oct. 2023 ($6.7 Mil).

Chemring Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Chemring 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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Chemring Group Long-Term Capital Lease Obligation Chart

Chemring Group Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Long-Term Capital Lease Obligation

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4.94

3.29

4.76

6.70

Chemring Group Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.29	2.33	4.76	4.61	6.70

Chemring Group (OTCPK:CMGMY) 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.

Chemring Group Long-Term Capital Lease Obligation Related Terms

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Chemring Group (Chemring Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Chemring Group PLC (OTCPK:CMGMY) » Definitions » Long-Term Capital Lease Obligation

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CMGMF:USA CHGl:UK CHG:UK CMN1:Germany

Address

Old Salisbury Lane, Roke Manor, Romsey, Hampshire, GBR, SO51 0ZN

Website

http://www.chemring.co.uk

Chemring Group PLC is a defense technology company. The company's operating segment includes Sensors and Information; it is engaged in the development and manufacturing of electronic countermeasures, chemical and biological threat detection equipment, and explosive hazard detection (EHD) equipment. and Countermeasures and Energetics segment is engaged in the development and manufacturing of expendable countermeasures for air and sea platforms, cartridge/propellant actuated devices, pyrotechnic devices for satellite launch and deployment, missile components, propellants, separation sub-systems, actuators, and energetic materials. It generates maximum revenue from the Countermeasures and Energetics segment. Geographically, the majority of the revenue for the company is generated from UK.