Avingtrans (LSE:AVG) Long-Term Capital Lease Obligation : £6.8 Mil (As of Nov. 2024)

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What is Avingtrans Long-Term Capital Lease Obligation?

Avingtrans's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2024 was £6.8 Mil.

Avingtrans's quarterly Long-Term Capital Lease Obligation increased from Nov. 2023 (£5.6 Mil) to May. 2024 (£7.2 Mil) but then declined from May. 2024 (£7.2 Mil) to Nov. 2024 (£6.8 Mil).

Avingtrans's annual Long-Term Capital Lease Obligation increased from May. 2022 (£3.1 Mil) to May. 2023 (£3.3 Mil) and increased from May. 2023 (£3.3 Mil) to May. 2024 (£7.2 Mil).

Avingtrans Long-Term Capital Lease Obligation Historical Data

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

Avingtrans Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Long-Term Capital Lease Obligation

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9.34

2.97

3.10

3.33

7.20

Avingtrans Semi-Annual Data
	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24	Nov24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.07	3.33	5.63	7.20	6.81

Avingtrans (LSE:AVG) 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.

Avingtrans Long-Term Capital Lease Obligation Related Terms

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Avingtrans Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Avingtrans PLC (LSE:AVG) » Definitions » Long-Term Capital Lease Obligation

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DZR:Germany

Address

Chatteris Business Park, Chatteris, Cambridgeshire, GBR, PE16 6SA

Website

https://www.avingtrans.plc.uk

Avingtrans PLC designs, manufactures, and supplies original equipment, systems, and associated aftermarket services to the energy, medical, and industrial markets around the world. The company is divided into the following segments Energy-AES and Medical-MII. The majority of its revenue is generated from the Energy-AES segment which which designs, manufactures, and services performance-critical electric motors and pumps for the energy industry. This segment also offers products like gas compressors, pressure vessels, blast doors, and containers. The Medical-MII segment designs and manufactures equipment for the medical, science, and research communities. Geographically, it derives key revenue from the United Kingdom, and the rest from China, Africa, the Middle East, and other regions.