RM (LSE:RM.) Long-Term Capital Lease Obligation : £14.3 Mil (As of Nov. 2023)

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What is RM Long-Term Capital Lease Obligation?

RM's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was £14.3 Mil.

RM's quarterly Long-Term Capital Lease Obligation declined from Nov. 2022 (£16.0 Mil) to May. 2023 (£14.9 Mil) and declined from May. 2023 (£14.9 Mil) to Nov. 2023 (£14.3 Mil).

RM's annual Long-Term Capital Lease Obligation declined from Nov. 2021 (£17.8 Mil) to Nov. 2022 (£16.0 Mil) and declined from Nov. 2022 (£16.0 Mil) to Nov. 2023 (£14.3 Mil).

RM Long-Term Capital Lease Obligation Historical Data

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

RM Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Long-Term Capital Lease Obligation

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18.15

17.80

16.00

14.30

RM Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															17.80	17.09	16.00	14.92	14.30

RM (LSE:RM.) 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.

RM Long-Term Capital Lease Obligation Related Terms

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RM (LSE:RM.) Business Description

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Address

142B Park Drive, Milton Park, Milton, Abingdon, Oxfordshire, GBR, OX14 4SE

Website

https://www.rmplc.com

RM PLC provides resources, software, and services to the education sector. The company is structured into three operating divisions: RM Resources, RM Assessment, and RM Technology. The RM Resources division consists of the operating business of TTS. TTS provides education resources used in schools through a predominantly direct marketing business model. The RM Assessment business provides IT software and services to exam boards and professional bodies to allow e-assessment. RM Technology division focuses on supplying IT software and services to schools and colleges. Its primary geographic markets are the United Kingdom, Europe, North America, Asia, the Middle East, and the Rest of the world.

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