Auction Technology Group (LSE:ATG) Long-Term Capital Lease Obligation : £2.9 Mil (As of Mar. 2024)

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What is Auction Technology Group Long-Term Capital Lease Obligation?

Auction Technology Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was £2.9 Mil.

Auction Technology Group's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (£1.7 Mil) to Sep. 2023 (£2.7 Mil) and increased from Sep. 2023 (£2.7 Mil) to Mar. 2024 (£2.9 Mil).

Auction Technology Group's annual Long-Term Capital Lease Obligation increased from Sep. 2021 (£0.8 Mil) to Sep. 2022 (£1.1 Mil) and increased from Sep. 2022 (£1.1 Mil) to Sep. 2023 (£2.7 Mil).

Auction Technology Group Long-Term Capital Lease Obligation Historical Data

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

Auction Technology Group Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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0.85

1.21

0.78

1.09

2.66

Auction Technology Group Semi-Annual Data
	Sep18	Sep19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					1.21	1.09	1.66	2.66	2.91

Auction Technology Group (LSE:ATG) 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.

Auction Technology Group Long-Term Capital Lease Obligation Related Terms

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Auction Technology Group (LSE:ATG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Auction Technology Group PLC (LSE:ATG) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

ATHGF:USA ATGl:UK 684:Germany

Address

65 Southwark Street, The Harlequin Building, London, GBR, SE1 0HR

Website

https://www.auctiontechnologygroup.com

Auction Technology Group PLC is engaged in the provision of auction technology software and related services to auction houses and other customers. Its goal is to simplify and integrate multiple parts of the online auction process, from the cataloguing of items to marketing, auction hosting, bidding and recent payment solutions. The group has four segments namely Arts and Antiques, Industrial and Commercial, Auction services, and Content. The majority of revenue is generated from Art & Antiques segment. Geographically the company serves the United Kingdom, Germany, and USA, where the majority of revenue is generated from USA.

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