Dialight (LSE:DIA) Long-Term Capital Lease Obligation : £8.1 Mil (As of Jun. 2023)

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What is Dialight Long-Term Capital Lease Obligation?

Dialight's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was £8.1 Mil.

Dialight's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (£10.7 Mil) to Dec. 2022 (£10.1 Mil) and declined from Dec. 2022 (£10.1 Mil) to Jun. 2023 (£8.1 Mil).

Dialight's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (£10.8 Mil) to Dec. 2022 (£10.1 Mil) and declined from Dec. 2022 (£10.1 Mil) to Dec. 2023 (£7.2 Mil).

Dialight Long-Term Capital Lease Obligation Historical Data

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

Dialight Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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10.70

8.90

10.80

10.10

7.20

Dialight Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															10.80	10.70	10.10	8.10	7.20

Dialight (LSE:DIA) 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.

Dialight Long-Term Capital Lease Obligation Related Terms

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Dialight (LSE:DIA) Business Description

Industry

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

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DIALF:USA DIAl:UK

Address

25 Old Broad Street, Leaf C, Level 36, Tower 42, London, GBR, EC2N 1HQ

Website

https://www.dialight.com

Dialight PLC manufactures and sells light-emitting diode (LED) lighting fixtures for use in hazardous and industrial locations. It provides lighting products to customers in industrial sectors including steel foundries, pulp and paper mills, automotive manufacturers, utility, and wastewater plants, and food and beverage processing plants. In addition, it provides specialist lighting products for hazardous industrial sites, including the oil and gas and mining sectors. Its segments are Lighting, Signals, and Components. The majority of the revenue is derived from the sale of LED lighting solutions and anti-collision obstruction lighting. Geographically it derives the majority of its revenue from North America.