Smarttech247 Group (LSE:S247) Long-Term Capital Lease Obligation : £0.19 Mil (As of Jan. 2024)

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What is Smarttech247 Group Long-Term Capital Lease Obligation?

Smarttech247 Group's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was £0.19 Mil.

Smarttech247 Group's quarterly Long-Term Capital Lease Obligation declined from Jan. 2023 (£0.26 Mil) to Jul. 2023 (£0.22 Mil) and declined from Jul. 2023 (£0.22 Mil) to Jan. 2024 (£0.19 Mil).

Smarttech247 Group's annual Long-Term Capital Lease Obligation increased from Jul. 2021 (£0.00 Mil) to Jul. 2022 (£0.00 Mil) and increased from Jul. 2022 (£0.00 Mil) to Jul. 2023 (£0.22 Mil).

Smarttech247 Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Smarttech247 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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Smarttech247 Group Long-Term Capital Lease Obligation Chart

Smarttech247 Group Annual Data

Trend

Jul19

Jul20

Jul21

Jul22

Jul23

Long-Term Capital Lease Obligation

0.09

0.05

0.22

Smarttech247 Group Semi-Annual Data
	Jul19	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				-	-	0.26	0.22	0.19

Smarttech247 Group (LSE:S247) 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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Smarttech247 Group (LSE:S247) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Smarttech247 Group PLC (LSE:S247) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

165 Fleet Street, London, GBR, EC4A 2DY

Website

https://www.smarttech247.com

Smarttech247 Group PLC is a multi-award winning automated managed detection and response company. Its platform is trusted by global organizations and provides threat intelligence with managed detection and response to provide actionable insights, 24/7 threat detection, investigation and response. The company's service is geared towards proactive prevention and it achieves this by utilising the latest in cloud, big data analytics and machine learning, along with an experienced response team.

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