IMI (LSE:IMI) Long-Term Capital Lease Obligation : £68 Mil (As of Jun. 2024)

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What is IMI Long-Term Capital Lease Obligation?

IMI's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was £68 Mil.

IMI's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (£75 Mil) to Dec. 2023 (£75 Mil) but then declined from Dec. 2023 (£75 Mil) to Jun. 2024 (£68 Mil).

IMI's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (£70 Mil) to Dec. 2022 (£80 Mil) but then declined from Dec. 2022 (£80 Mil) to Dec. 2023 (£75 Mil).

IMI Long-Term Capital Lease Obligation Historical Data

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

IMI Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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64.80

62.00

70.00

79.90

75.00

IMI Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															67.20	79.90	74.80	75.00	67.90

IMI (LSE:IMI) 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.

IMI Long-Term Capital Lease Obligation Related Terms

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IMI Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » IMI PLC (LSE:IMI) » Definitions » Long-Term Capital Lease Obligation

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IMIUY:USA IMIAF:USA IMIl:UK

Address

Lakeside, Solihull Parkway, Birmingham Business Park, Birmingham, GBR, B37 7XZ

Website

https://www.imiplc.com

IMI PLC is engaged in designing, building, and servicing engineered products in fluid and motion control applications It develops technologies centered around valves and actuators to improve processes. It focuses on five market sectors: Process Automation, Industrial Automation, Life Science and Fluid Control, Climate Control, and Transport. Solutions can help with power generation in nuclear power plants, fuel delivery, or provide heating and cooling systems to various buildings. Customers work in energy, transportation, infrastructure, and other industrial sectors. It operates a service network to provide maintenance and repairs. Geographic Revenue based on Europe, the Americas, Asia Pacific, and the Middle East and Africa.