DG Innovate (LSE:DGI) Long-Term Capital Lease Obligation : £0.31 Mil (As of Dec. 2023)

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What is DG Innovate Long-Term Capital Lease Obligation?

DG Innovate's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.31 Mil.

DG Innovate's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (£0.29 Mil) to Jun. 2023 (£0.33 Mil) but then declined from Jun. 2023 (£0.33 Mil) to Dec. 2023 (£0.31 Mil).

DG Innovate's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (£0.00 Mil) to Dec. 2022 (£0.29 Mil) and increased from Dec. 2022 (£0.29 Mil) to Dec. 2023 (£0.31 Mil).

DG Innovate Long-Term Capital Lease Obligation Historical Data

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

DG Innovate Annual Data

Trend

Mar19

Mar20

Mar21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.29

0.31

DG Innovate Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				-	0.25	0.29	0.33	0.31

DG Innovate (LSE:DGI) 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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DG Innovate (LSE:DGI) Business Description

Industry

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

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Address

Mill Field Road, 15 Victoria Mews Cottingley Business Park, Bingley, GBR, BD16 1PY

Website

https://www.dgiplc.com

DG Innovate PLC is a research and development company pioneering sustainable and environmentally considerate improvements to electric mobility and storage, using abundant materials and engineering & scientific practices. The company is currently developing its products alongside several major manufacturers across the transportation and energy sectors, research institutions and the UK Government and has filed 18 patents worldwide.