Synthomer (LSE:SYNT) Long-Term Capital Lease Obligation : £42 Mil (As of Dec. 2023)

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What is Synthomer Long-Term Capital Lease Obligation?

Synthomer's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £42 Mil.

Synthomer's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (£35 Mil) to Jun. 2023 (£47 Mil) but then declined from Jun. 2023 (£47 Mil) to Dec. 2023 (£42 Mil).

Synthomer's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (£35 Mil) to Dec. 2022 (£35 Mil) and increased from Dec. 2022 (£35 Mil) to Dec. 2023 (£42 Mil).

Synthomer Long-Term Capital Lease Obligation Historical Data

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

Synthomer Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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34.40

44.40

34.70

34.90

41.50

Synthomer Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															34.70	38.20	34.90	47.00	41.50

Synthomer (LSE:SYNT) 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.

Synthomer Long-Term Capital Lease Obligation Related Terms

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Synthomer (LSE:SYNT) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Synthomer PLC (LSE:SYNT) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

SYYYF:USA SYNTl:UK 7YC2:Germany

Address

45 Pall Mall, London, GBR, SW1Y 5JG

Website

https://www.synthomer.com

Synthomer PLC is a specialty chemicals company. It supplies a variety of chemicals including latex and adhesives, which are used in a wide range of markets such as construction, coatings, textiles, paper, and healthcare. The company's products include styrene-butadiene rubber, which is used to make coated paper, packaging, bindings for carpet, foam mattresses, pillows and shoes; and nitrile butadiene latex used to make medical gloves and catheters, among others. The company organizes itself into five segments: performance elastomers, functional solutions, industrial specialties, adhesive Technologies and acrylate monomers. A vast majority of the company's revenue is generated by the performance elastomers and functional solutions segments combined.