essensys (LSE:ESYS) Long-Term Capital Lease Obligation : £0.00 Mil (As of Jan. 2024)

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What is essensys Long-Term Capital Lease Obligation?

essensys's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was £0.00 Mil.

essensys's quarterly Long-Term Capital Lease Obligation declined from Jan. 2023 (£0.98 Mil) to Jul. 2023 (£0.31 Mil) and declined from Jul. 2023 (£0.31 Mil) to Jan. 2024 (£0.00 Mil).

essensys's annual Long-Term Capital Lease Obligation increased from Jul. 2021 (£0.99 Mil) to Jul. 2022 (£1.66 Mil) but then declined from Jul. 2022 (£1.66 Mil) to Jul. 2023 (£0.31 Mil).

essensys Long-Term Capital Lease Obligation Historical Data

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

essensys Annual Data

Trend

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Long-Term Capital Lease Obligation

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1.64

0.80

0.99

1.66

0.31

essensys Semi-Annual Data
	Jul16	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										2.54	1.66	0.98	0.31	-

essensys (LSE:ESYS) 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.

essensys Long-Term Capital Lease Obligation Related Terms

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essensys (LSE:ESYS) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » essensys PLC (LSE:ESYS) » Definitions » Long-Term Capital Lease Obligation

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3L8:Germany

Address

2 Leman Street, Aldgate Tower, 7th Floor, London, GBR, E1 8FA

Website

https://www.essensys.tech

essensys PLC is engaged in providing SaaS platforms and on-demand cloud services to the flexible workspace industry. Its software is designed and developed to solve the complex operational challenges faced by multi-site flexible workspace. The group's technology allows operators to deliver a range of differentiated flexible and customer-specific services to a broad base of tenants across multiple locations and helps operators to manage the cost, operational and technological challenges. Geographically, it operates in United Kingdom and Europe, North America and Asia Pacific region, out of which it derives a majority of revenue from the North America.

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