Engage XR Holdings (LSE:EXR) Long-Term Capital Lease Obligation : £0.03 Mil (As of Dec. 2023)

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What is Engage XR Holdings Long-Term Capital Lease Obligation?

Engage XR Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.03 Mil.

Engage XR Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (£0.00 Mil) to Jun. 2023 (£0.02 Mil) and increased from Jun. 2023 (£0.02 Mil) to Dec. 2023 (£0.03 Mil).

Engage XR Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (£0.01 Mil) to Dec. 2022 (£0.00 Mil) but then increased from Dec. 2022 (£0.00 Mil) to Dec. 2023 (£0.03 Mil).

Engage XR Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Engage XR Holdings'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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Engage XR Holdings Long-Term Capital Lease Obligation Chart

Engage XR Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.03

0.02

0.01

0.03

Engage XR Holdings Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								0.01	-	-	0.02	0.03

Engage XR Holdings (LSE:EXR) 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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Engage XR Holdings (LSE:EXR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Engage XR Holdings PLC (LSE:EXR) » Definitions » Long-Term Capital Lease Obligation

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6VR:Germany

Address

Old Kilmeaden Road, Unit 9 Cleaboy Business Park, Waterford, IRL, X91 AX83

Website

https://www.engagevr.io

Engage XR Holdings PLC operates as a virtual reality software and technology company in Ireland. It is engaged in the development of the educational Virtual Reality platform - ENGAGE. The company also develops and sells online virtual social learning and presentation platforms for creating, sharing, and delivering proprietary and third-party VR content for educational and corporate training purposes. Its products include ENGAGE platform, 1943 Berlin Blitz, Titanic VR, Apollo 11 VR, and RCSI medical training app.