Strip Tinning Holdings (LSE:STG) Long-Term Capital Lease Obligation : £1.58 Mil (As of Dec. 2023)

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What is Strip Tinning Holdings Long-Term Capital Lease Obligation?

Strip Tinning Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £1.58 Mil.

Strip Tinning Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (£1.78 Mil) to Jun. 2023 (£1.06 Mil) but then increased from Jun. 2023 (£1.06 Mil) to Dec. 2023 (£1.58 Mil).

Strip Tinning Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (£2.05 Mil) to Dec. 2022 (£1.78 Mil) and declined from Dec. 2022 (£1.78 Mil) to Dec. 2023 (£1.58 Mil).

Strip Tinning Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Strip Tinning Holdings'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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Strip Tinning Holdings Long-Term Capital Lease Obligation Chart

Strip Tinning Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.49

2.25

2.05

1.78

1.58

Strip Tinning Holdings Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					2.05	2.04	1.78	1.06	1.58

Strip Tinning Holdings (LSE:STG) 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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Strip Tinning Holdings (LSE:STG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Strip Tinning Holdings PLC (LSE:STG) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Arden Road, Arden Business Park, Frankley, Birmingham, West Midlands, GBR, B45 0JA

Website

https://www.striptinning.com

Strip Tinning Holdings PLC manufactures specialist flexible electrical connectors related primarily to heating and antennae systems embedded within automotive glazing and to the connection of the cells within electric vehicle battery packs, increasingly using flexible and lightweight printed circuit technology that also has growing applications elsewhere within vehicles. The group consists of two business lines: Glazing and EV.