ECO Buildings Group (LSE:ECOB) Long-Term Capital Lease Obligation : £0.25 Mil (As of Dec. 2023)

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What is ECO Buildings Group Long-Term Capital Lease Obligation?

ECO Buildings Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.25 Mil.

ECO Buildings Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (£0.17 Mil) to Jun. 2023 (£0.30 Mil) but then declined from Jun. 2023 (£0.30 Mil) to Dec. 2023 (£0.25 Mil).

ECO Buildings Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (£0.00 Mil) to Dec. 2022 (£0.17 Mil) and increased from Dec. 2022 (£0.17 Mil) to Dec. 2023 (£0.25 Mil).

ECO Buildings Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for ECO Buildings Group'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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ECO Buildings Group Long-Term Capital Lease Obligation Chart

ECO Buildings Group Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.17

0.25

ECO Buildings Group Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	-	0.17	0.30	0.25

ECO Buildings Group (LSE:ECOB) 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.

ECO Buildings Group Long-Term Capital Lease Obligation Related Terms

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ECO Buildings Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » ECO Buildings Group PLC (LSE:ECOB) » Definitions » Long-Term Capital Lease Obligation

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ECOB:UK

Address

160 Camden High Street, London, GBR, NW1 0NE

Website

https://www.eco-buildings.net

ECO Buildings Group Plc will operate in the prefabricated modular housing sector. The company has acquired the proven and innovative prefabricated modular technology using glass fibre-reinforced gypsum (GFRG), an alternative construction method to achieve faster and more economical development of residential, commercial, and industrial dwellings. Eco Buildings' range of modular housing products provides a solution for the construction of both affordable and high-end housing, with Eco Buildings' products being up to 50% cheaper, two-thirds lighter and five times faster to deploy than conventionally built homes.

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