HMS Hydraulic Machines & Systems Group (LSE:HMSG) Long-Term Capital Lease Obligation : $4.7 Mil (As of Dec. 2021)

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What is HMS Hydraulic Machines & Systems Group Long-Term Capital Lease Obligation?

HMS Hydraulic Machines & Systems Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2021 was $4.7 Mil.

HMS Hydraulic Machines & Systems Group's quarterly Long-Term Capital Lease Obligation increased from Mar. 2021 ($2.0 Mil) to Jun. 2021 ($2.3 Mil) and increased from Jun. 2021 ($2.3 Mil) to Dec. 2021 ($4.7 Mil).

HMS Hydraulic Machines & Systems Group's annual Long-Term Capital Lease Obligation declined from Dec. 2019 ($2.2 Mil) to Dec. 2020 ($2.1 Mil) but then increased from Dec. 2020 ($2.1 Mil) to Dec. 2021 ($4.7 Mil).

HMS Hydraulic Machines & Systems Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for HMS Hydraulic Machines & Systems 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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HMS Hydraulic Machines & Systems Group Long-Term Capital Lease Obligation Chart

HMS Hydraulic Machines & Systems Group Annual Data

Trend

Dec12

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Dec21

Long-Term Capital Lease Obligation

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0.01

1.19

2.25

2.05

4.69

HMS Hydraulic Machines & Systems Group Quarterly Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Dec21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.89	2.05	1.99	2.27	4.69

HMS Hydraulic Machines & Systems Group (LSE:HMSG) 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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HMS Hydraulic Machines & Systems Group (LSE:HMSG) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » HMS Hydraulic Machines & Systems Group PLC (LSE:HMSG) » Definitions » Long-Term Capital Lease Obligation

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Address

7 Chayanova Street, Moscow, RUS, 125047

Website

https://www.grouphms.ru

HMS Hydraulic Machines & Systems Group PLC manufactures pump and compressor equipment and provides flow control solutions and related services to oil and gas, power, water supply, and utilities and industrial application industries in Russia and CIS countries and also produces skid-mounted modular oilfield equipment. The company's operating segments are Industrial pumps; Oil and gas equipment & projects; Compressors; and Construction. Its geographical segments are Russia, Ukraine, Germany, Kazakhstan, India, Belarus, Iraq, Iran, Azerbaijan, Egypt, and Others.

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