Elementis (LSE:ELM) Long-Term Capital Lease Obligation : £23.9 Mil (As of Dec. 2023)

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What is Elementis Long-Term Capital Lease Obligation?

Elementis's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £23.9 Mil.

Elementis's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (£24.8 Mil) to Jun. 2023 (£24.2 Mil) and declined from Jun. 2023 (£24.2 Mil) to Dec. 2023 (£23.9 Mil).

Elementis's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (£25.4 Mil) to Dec. 2022 (£24.8 Mil) and declined from Dec. 2022 (£24.8 Mil) to Dec. 2023 (£23.9 Mil).

Elementis Long-Term Capital Lease Obligation Historical Data

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

Elementis Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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30.37

27.68

25.42

24.79

23.94

Elementis 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															25.42	25.25	24.79	24.24	23.94

Elementis (LSE:ELM) 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.

Elementis Long-Term Capital Lease Obligation Related Terms

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Elementis (LSE:ELM) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Elementis PLC (LSE:ELM) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

EMNSF:USA ELMTY:USA ELMl:UK E3E:Germany

Address

55-57 High Holborn, Caroline House, London, GBR, WC1V 6DX

Website

https://www.elementis.com

Elementis PLC manufactures and sells a variety of chemicals and coatings. The firm organizes itself into five segments based on product type: personal care, coatings, talc, and chromium. These segments produce chemical modifiers and additives for their respective products and services, which include anti-perspirants, decorative and industrial coatings, plastics, chrome metal finishing, and oil and gas drilling. Most of the company's revenue comes from North America, and coatings are the company's largest segment.

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