Avingtrans (LSE:AVG) Long-Term Capital Lease Obligation : £5.6 Mil (As of Nov. 2023)

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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. 2023 was £5.6 Mil.

Avingtrans's quarterly Long-Term Capital Lease Obligation increased from Nov. 2022 (£3.1 Mil) to May. 2023 (£3.3 Mil) and increased from May. 2023 (£3.3 Mil) to Nov. 2023 (£5.6 Mil).

Avingtrans's annual Long-Term Capital Lease Obligation increased from May. 2021 (£3.0 Mil) to May. 2022 (£3.1 Mil) and increased from May. 2022 (£3.1 Mil) to May. 2023 (£3.3 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

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Long-Term Capital Lease Obligation

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1.42

9.34

2.97

3.10

3.33

Avingtrans Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.69	3.10	3.07	3.33	5.63

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 (LSE:AVG) Business Description

Industry

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

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Traded in Other Exchanges

DZR:Germany

Address

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

Website

https://www.avingtrans.plc.uk

Avingtrans PLCis a UK based company, designs and manufactures engineered components, systems and services for the automotive, healthcare and traffic management industries around the world. The company is divided into three segments: Energy-EPM; Energy-PSRE; and Medica-IMI. Avingtrans also designs and manufactures manufactured poles and cabinets for road safety cameras and railway track signaling. The company has a geographical presence in the UK, Europe and North America, and the Rest of World, with the UK region accounting for the majority of revenue.

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