Versarien (LSE:VRS) Long-Term Capital Lease Obligation : £1.00 Mil (As of Sep. 2023)

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What is Versarien Long-Term Capital Lease Obligation?

Versarien's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was £1.00 Mil.

Versarien's quarterly Long-Term Capital Lease Obligation stayed the same from Mar. 2022 (£0.00 Mil) to Mar. 2023 (£0.00 Mil) but then increased from Mar. 2023 (£0.00 Mil) to Sep. 2023 (£1.00 Mil).

Versarien's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (£0.58 Mil) to Mar. 2022 (£0.00 Mil) but then increased from Mar. 2022 (£0.00 Mil) to Sep. 2023 (£1.00 Mil).

Versarien Long-Term Capital Lease Obligation Historical Data

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

Versarien Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Sep23

Long-Term Capital Lease Obligation

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0.71

1.27

0.58

1.00

Versarien Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.58	-	-	-	1.00

Versarien (LSE:VRS) 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.

Versarien Long-Term Capital Lease Obligation Related Terms

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Versarien (LSE:VRS) Business Description

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

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VRSRF:USA VRS.GB:UK 9RV:Germany

Address

Monmouth Road, Units 1A-D, Longhope Business Park, Longhope, Gloucestershire, GBR, GL17 0QZ

Website

https://www.versarien.com

Versarien PLC is an IP-led advanced engineering materials group that utilizes proprietary technology to create innovative new engineering solutions. The business activities of the group function through Graphene and Plastic Products and Hard Wear and Metallic Product segments. Graphene and Plastic Products focused on delivering graphene solutions through plastics and carbon fibre composites, and Hard Wear and Metallic Products focused on delivering aluminium and tungsten carbide products. Geographically, the company operates in the UK, North America, the Rest of Europe, and others.