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MicroSalt (LSE:SALT) Long-Term Capital Lease Obligation : £0.00 Mil (As of Dec. 2023)


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What is MicroSalt Long-Term Capital Lease Obligation?

MicroSalt's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.00 Mil.

MicroSalt Long-Term Capital Lease Obligation Historical Data

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

MicroSalt Annual Data
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MicroSalt Quarterly Data
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MicroSalt  (LSE:SALT) 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.

MicroSalt Long-Term Capital Lease Obligation Related Terms

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MicroSalt (LSE:SALT) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » MicroSalt PLC (LSE:SALT) » Definitions » Long-Term Capital Lease Obligation
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Address
12 New Fetter Lane, London, GBR, EC4A 1JP
Website
https://www.microsaltinc.com
MicroSalt Plc is a company that has developed a patent protected and scalable manufacturing process that produces a salt crystal that is approximately hundred times smaller than traditional salt, with an average size of less than twenty microns. It allows consumers to reduce their sodium intake by half without compromising on flavor.

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