Tialis Essential IT (LSE:TIA) Long-Term Capital Lease Obligation : £0.48 Mil (As of Jun. 2024)

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What is Tialis Essential IT Long-Term Capital Lease Obligation?

Tialis Essential IT's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was £0.48 Mil.

Tialis Essential IT's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (£0.66 Mil) to Dec. 2023 (£0.60 Mil) and declined from Dec. 2023 (£0.60 Mil) to Jun. 2024 (£0.48 Mil).

Tialis Essential IT's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (£0.71 Mil) to Dec. 2022 (£0.77 Mil) but then declined from Dec. 2022 (£0.77 Mil) to Dec. 2023 (£0.60 Mil).

Tialis Essential IT Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tialis Essential IT'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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Tialis Essential IT Long-Term Capital Lease Obligation Chart

Tialis Essential IT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.86

0.86

0.71

0.77

0.60

Tialis Essential IT Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.63	0.77	0.66	0.60	0.48

Tialis Essential IT (LSE:TIA) 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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Tialis Essential IT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tialis Essential IT PLC (LSE:TIA) » Definitions » Long-Term Capital Lease Obligation

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TIA:UK

Address

24 Dublin Street, Edinburgh, GBR, EH1 3PP

Website

https://www.tialis.com

Tialis Essential IT PLC is a specialist managed service provider with a broad portfolio of IT services and technology solutions. The principal activities include a provision of the network, hosting, and managed services to public and private companies. The Group has only one operating segment, the Manage Business.

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