Aferian (LSE:AFRN) Long-Term Capital Lease Obligation : £0.42 Mil (As of May. 2024)

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What is Aferian Long-Term Capital Lease Obligation?

Aferian's Long-Term Capital Lease Obligation for the quarter that ended in May. 2024 was £0.42 Mil.

Aferian's quarterly Long-Term Capital Lease Obligation declined from May. 2023 (£0.83 Mil) to Nov. 2023 (£0.40 Mil) but then increased from Nov. 2023 (£0.40 Mil) to May. 2024 (£0.42 Mil).

Aferian's annual Long-Term Capital Lease Obligation increased from Nov. 2021 (£0.72 Mil) to Nov. 2022 (£1.00 Mil) but then declined from Nov. 2022 (£1.00 Mil) to Nov. 2023 (£0.40 Mil).

Aferian Long-Term Capital Lease Obligation Historical Data

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

Aferian Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Long-Term Capital Lease Obligation

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1.16

0.72

1.00

0.40

Aferian Semi-Annual Data
	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.14	1.00	0.83	0.40	0.42

Aferian (LSE:AFRN) 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.

Aferian Long-Term Capital Lease Obligation Related Terms

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Aferian Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Aferian PLC (LSE:AFRN) » Definitions » Long-Term Capital Lease Obligation

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AMO.GB:UK

Address

1010 Cambourne Business Park, Cambourne, Cambridge, England, GBR, CB23 6DP

Website

https://www.aferian.com

Aferian PLC is a software-led, global Media Technology company. It delivers modern TV experiences integrating streaming and PayTV services. Its Next-Generation technology platforms enable operators, broadcasters, and content owners to provide viewers the choice, usability, and convenience.

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