Made Tech Group (LSE:MTEC) Long-Term Capital Lease Obligation : £0.00 Mil (As of Nov. 2023)

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What is Made Tech Group Long-Term Capital Lease Obligation?

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

Made Tech Group's annual Long-Term Capital Lease Obligation declined from May. 2021 (£0.32 Mil) to May. 2022 (£0.14 Mil) and declined from May. 2022 (£0.14 Mil) to May. 2023 (£0.00 Mil).

Made Tech Group Long-Term Capital Lease Obligation Historical Data

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

Made Tech Group Annual Data

Trend

May19

May20

May21

May22

May23

Long-Term Capital Lease Obligation

0.63

0.48

0.32

0.14

Made Tech Group Semi-Annual Data
	May19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				-	0.14	-	-	-

Made Tech Group (LSE:MTEC) 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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Made Tech Group (LSE:MTEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Made Tech Group PLC (LSE:MTEC) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

5UH:Germany

Address

4 O’Meara Street, London, GBR, SE1 1TE

Website

https://www.madetech.com

Made Tech Group PLC provides digital, data and technology services to the UK public sector, that enables central government, healthcare, and local government organisations to digitally transform. Its projects include delivering and operating the Multichannel Digital Tax Platform (MDTP), which runs HMRC's Making Tax Digital services; supporting the Ministry of Justice to modernise the technology within the prison estate; and working with DVLA to digitally transform key services such as the UK provisional driving licence system.

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