Accsys Technologies (LSE:AXS) Long-Term Capital Lease Obligation : £3.3 Mil (As of Sep. 2023)

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What is Accsys Technologies Long-Term Capital Lease Obligation?

Accsys Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was £3.3 Mil.

Accsys Technologies's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (£3.3 Mil) to Mar. 2023 (£3.3 Mil) but then increased from Mar. 2023 (£3.3 Mil) to Sep. 2023 (£3.3 Mil).

Accsys Technologies's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (£3.9 Mil) to Mar. 2022 (£3.5 Mil) and declined from Mar. 2022 (£3.5 Mil) to Mar. 2023 (£3.3 Mil).

Accsys Technologies Long-Term Capital Lease Obligation Historical Data

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

Accsys Technologies Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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1.52

3.81

3.94

3.51

3.31

Accsys Technologies Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.97	3.51	3.33	3.31	3.32

Accsys Technologies (LSE:AXS) 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.

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Accsys Technologies (LSE:AXS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Accsys Technologies PLC (LSE:AXS) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

ACSYF:USA AXS:Netherlands AXSa:UK AXS.GB:UK 1D8:Germany

Address

3 Moorgate Place, 4th floor, London, GBR, EC2R 6EA

Website

https://www.accsysplc.com

Accsys Technologies PLC is a chemical technology company focused on acetylation of wood. It is engaged in the development, commercialisation, and licensing of the associated proprietary technologies. Its product includes Accoya and Tricoya wood. The company offers Accoya wood for use in external doors, cladding/siding, decking, structural and civil engineering projects and Tricoya wood elements are used in window and door components, door skins, wet interiors, and wall linings. It generates maximum revenue through the sale of Accoya Woods. The maximum geographical areas of customers are from the UK and Ireland region.