GETECH Group (LSE:GTC) Long-Term Capital Lease Obligation : £0.00 Mil (As of Jun. 2023)

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What is GETECH Group Long-Term Capital Lease Obligation?

GETECH Group's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.00 Mil.

GETECH Group's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (£0.00 Mil) to Dec. 2022 (£0.04 Mil) but then declined from Dec. 2022 (£0.04 Mil) to Jun. 2023 (£0.00 Mil).

GETECH Group's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (£0.26 Mil) to Dec. 2021 (£0.10 Mil) and declined from Dec. 2021 (£0.10 Mil) to Dec. 2022 (£0.04 Mil).

GETECH Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for GETECH 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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GETECH Group Long-Term Capital Lease Obligation Chart

GETECH Group Annual Data

Trend

Jul12

Jul13

Jul14

Jul15

Jul16

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.54

0.40

0.26

0.10

0.04

GETECH Group Semi-Annual Data
	Jul13	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	0.10	-	0.04	-

GETECH Group (LSE:GTC) 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.

GETECH Group Long-Term Capital Lease Obligation Related Terms

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GETECH Group (LSE:GTC) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » GETECH Group PLC (LSE:GTC) » Definitions » Long-Term Capital Lease Obligation

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3AS:Germany

Address

Elmete Lane, Kitson House, Elmete Hall, West Yorkshire, Leeds, GBR, LS8 2LJ

Website

https://www.getech.com

GETECH Group PLC is a UK-based geosciences service provider company. It is engaged in the provision of geological services, reports, and data to the petroleum and mining industries to assist in their exploration activities. The company organizes its operations into two main segments: Products and Services. It derives its revenue from the Product segment. It has operations in the Americas, the United Kingdom, the Rest of Europe, Asia-Pacific, Africa, and others.

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