K3 Business Technology Group (LSE:KBT) Long-Term Capital Lease Obligation : £0.04 Mil (As of Nov. 2023)

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What is K3 Business Technology Group Long-Term Capital Lease Obligation?

K3 Business Technology Group's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was £0.04 Mil.

K3 Business Technology Group's quarterly Long-Term Capital Lease Obligation declined from Nov. 2022 (£0.08 Mil) to May. 2023 (£0.03 Mil) but then increased from May. 2023 (£0.03 Mil) to Nov. 2023 (£0.04 Mil).

K3 Business Technology Group's annual Long-Term Capital Lease Obligation declined from Nov. 2021 (£0.14 Mil) to Nov. 2022 (£0.08 Mil) and declined from Nov. 2022 (£0.08 Mil) to Nov. 2023 (£0.04 Mil).

K3 Business Technology Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for K3 Business Technology 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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K3 Business Technology Group Long-Term Capital Lease Obligation Chart

K3 Business Technology Group Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Long-Term Capital Lease Obligation

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2.51

1.74

0.14

0.08

0.04

K3 Business Technology Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.14	0.22	0.08	0.03	0.04

K3 Business Technology Group (LSE:KBT) 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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K3 Business Technology Group (LSE:KBT) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » K3 Business Technology Group PLC (LSE:KBT) » Definitions » Long-Term Capital Lease Obligation

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Address

Baltimore House, 50 Kansas Avenue, Manchester, GBR, M50 2GL

Website

https://www.k3btg.com

K3 Business Technology Group PLC is a business technology group. The firm provides integrated business solutions including enterprise resource planning software, customer relationship management software, business intelligence, e-commerce, hosting, and managed services to the supply chain industry. It serves retail, manufacturing, and distribution customers. The company's segments include K3 Own IP, Global Accounts, and 3rd party products. It has operations in the United Kingdom, Netherlands, Ireland, the Middle East, the Rest of Europe, the USA, and the Rest of the World. The revenue is derived from the United Kingdom.

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