Acal (LSE:ACLN) Long-Term Capital Lease Obligation : £14.4 Mil (As of Mar. 2024)

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What is Acal Long-Term Capital Lease Obligation?

Acal's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was £14.4 Mil.

Acal's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (£14.8 Mil) to Sep. 2023 (£13.7 Mil) but then increased from Sep. 2023 (£13.7 Mil) to Mar. 2024 (£14.4 Mil).

Acal's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (£16.4 Mil) to Mar. 2023 (£14.8 Mil) and declined from Mar. 2023 (£14.8 Mil) to Mar. 2024 (£14.4 Mil).

Acal Long-Term Capital Lease Obligation Historical Data

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

Acal Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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14.70

16.70

16.40

14.80

14.40

Acal Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															16.40	16.80	14.80	13.70	14.40

Acal (LSE:ACLN) 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.

Acal Long-Term Capital Lease Obligation Related Terms

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Acal (LSE:ACLN) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Acal PLC (LSE:ACLN) » Definitions » Long-Term Capital Lease Obligation

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Address

2 Chancellor Court, Occam Road, Surrey Research Park, Guildford, Surrey, GBR, GU2 7AH

Website

https://www.discoverieplc.com

discoverIE Group PLC is a United Kingdom-based electronics manufacturing company. The company designs, manufactures, and distributes customer-specific electronic components and solutions. The company's segment includes Magnetics and Controls division (M&C) and the Sensing and Connectivity division (S&C). The company generates maximum revenue from the M&C segment. Geographically, the company operates in the UK, Europe, North America, Asia, and the Rest of the world.

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