Mobile Tornado Group (LSE:MBT) Long-Term Capital Lease Obligation : £0.10 Mil (As of Jun. 2024)

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What is Mobile Tornado Group Long-Term Capital Lease Obligation?

Mobile Tornado Group's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was £0.10 Mil.

Mobile Tornado Group's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (£0.21 Mil) to Dec. 2023 (£0.16 Mil) and declined from Dec. 2023 (£0.16 Mil) to Jun. 2024 (£0.10 Mil).

Mobile Tornado Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (£0.00 Mil) to Dec. 2022 (£0.26 Mil) but then declined from Dec. 2022 (£0.26 Mil) to Dec. 2023 (£0.16 Mil).

Mobile Tornado Group Long-Term Capital Lease Obligation Historical Data

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

Mobile Tornado Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.30

0.08

0.26

0.16

Mobile Tornado Group 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															-	0.26	0.21	0.16	0.10

Mobile Tornado Group (LSE:MBT) 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.

Mobile Tornado Group Long-Term Capital Lease Obligation Related Terms

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Mobile Tornado Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Mobile Tornado Group PLC (LSE:MBT) » Definitions » Long-Term Capital Lease Obligation

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Address

59 Station Parade, Copthall Bridge, Harrogate, North Yorkshire, GBR, HG1 1TT

Website

https://www.mobiletornado.com

Mobile Tornado Group PLC provides instant communication mobile applications serving the mobile data services market in the mobile communication industry. Its solutions include Push-To-Talk, Push-To-Locate, Push-To-Alert, and Push-To-Message. Geographically, it derives of its revenue from South America and has a presence in the UK, Europe, North America, Israel, Africa, and Asia/Pacific. The company generates revenue from License fees, Hardware and software, Professional Services, and Support and Maintenance.