Endava (Endava) Long-Term Capital Lease Obligation : $57.8 Mil (As of Dec. 2023)

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What is Endava Long-Term Capital Lease Obligation?

Endava's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $57.8 Mil.

Endava's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($68.7 Mil) to Sep. 2023 ($67.1 Mil) and declined from Sep. 2023 ($67.1 Mil) to Dec. 2023 ($57.8 Mil).

Endava's annual Long-Term Capital Lease Obligation declined from Jun. 2021 ($70.3 Mil) to Jun. 2022 ($54.2 Mil) but then increased from Jun. 2022 ($54.2 Mil) to Jun. 2023 ($68.7 Mil).

Endava Long-Term Capital Lease Obligation Historical Data

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

Endava Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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52.86

70.33

54.19

68.74

Endava Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															65.72	60.91	68.74	67.15	57.78

Endava (NYSE:DAVA) 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.

Endava Long-Term Capital Lease Obligation Related Terms

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Endava (Endava) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Endava PLC (NYSE:DAVA) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

2Y5:Germany

Address

125 Old Broad Street, London, GBR, EC2N 1AR

Website

http://www.endava.com

Endava is a next-generation IT services company that primarily assists clients with their digital transformation efforts by creating customized software for them. The company was founded in 2006 in the U.K. and it continues to generate the majority of revenue in the U.K. and Europe. Endava's client base is concentrated in the payments and financial services, technology, media, and telecom industries.