Surface Transforms (LSE:SCE) Long-Term Capital Lease Obligation : £1.29 Mil (As of Jun. 2023)

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What is Surface Transforms Long-Term Capital Lease Obligation?

Surface Transforms's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was £1.29 Mil.

Surface Transforms's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (£1.40 Mil) to Dec. 2022 (£1.34 Mil) and declined from Dec. 2022 (£1.34 Mil) to Jun. 2023 (£1.29 Mil).

Surface Transforms's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (£1.15 Mil) to Dec. 2021 (£1.45 Mil) but then declined from Dec. 2021 (£1.45 Mil) to Dec. 2022 (£1.34 Mil).

Surface Transforms Long-Term Capital Lease Obligation Historical Data

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

Surface Transforms Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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1.30

1.24

1.15

1.45

1.34

Surface Transforms Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.08	1.45	1.40	1.34	1.29

Surface Transforms (LSE:SCE) 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.

Surface Transforms Long-Term Capital Lease Obligation Related Terms

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Surface Transforms (LSE:SCE) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Surface Transforms PLC (LSE:SCE) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

XE4:Germany

Address

Acornfield Road, Knowsley Industrial Estate, Image Business Park, Liverpool, GBR, L33 7UF

Website

https://www.surfacetransforms.com

Surface Transforms PLC is a company that develops, manufactures, and markets carbon-ceramic products for the brakes market. It also engages in developing new products and applications for carbon fiber-reinforced ceramic friction and non-friction materials. It has operations spread across the United Kingdom, Germany, Sweden the United States of America, the Rest of Europe, and the Rest of the World.

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