Polarean Imaging (LSE:POLX) Long-Term Capital Lease Obligation : £0.12 Mil (As of Jun. 2023)

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What is Polarean Imaging Long-Term Capital Lease Obligation?

Polarean Imaging's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.12 Mil.

Polarean Imaging's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (£0.23 Mil) to Dec. 2022 (£0.18 Mil) and declined from Dec. 2022 (£0.18 Mil) to Jun. 2023 (£0.12 Mil).

Polarean Imaging's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (£0.07 Mil) to Dec. 2021 (£0.27 Mil) but then declined from Dec. 2021 (£0.27 Mil) to Dec. 2022 (£0.18 Mil).

Polarean Imaging Long-Term Capital Lease Obligation Historical Data

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

Polarean Imaging Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.04

0.07

0.27

0.18

Polarean Imaging Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								0.02	0.27	0.23	0.18	0.12

Polarean Imaging (LSE:POLX) 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.

Polarean Imaging Long-Term Capital Lease Obligation Related Terms

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Polarean Imaging (LSE:POLX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Polarean Imaging PLC (LSE:POLX) » Definitions » Long-Term Capital Lease Obligation

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PLLWF:USA 8ZF:Germany

Address

27-28 Eastcastle Street, London, GBR, W1W 8DH

Website

https://www.polarean.com

Polarean Imaging PLC designs and manufactures medical drug-device combination companies operating in the high-resolution medical imaging market. Its only operating segment being the development and commercialization of gas polariser devices and ancillary instruments. Geographically, it derives most of the revenue from the United States of America and also has a presence in Canada and the United Kingdom. The company generates revenue from products and services such as Polarisers, Parts and Upgrades, Service and other revenue. Its product portfolio includes 9820 129Xe Hyperpolarizer, 9800 129Xe Hyperpolarizer, Polarean 3777 129Xe Hyperpolarizer Upgrade Module, Polarean 2881 Polarization Measurement Station, and others.

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