Iomart Group (STU:LYU) Long-Term Capital Lease Obligation : €18.7 Mil (As of Sep. 2024)

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What is Iomart Group Long-Term Capital Lease Obligation?

Iomart Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was €18.7 Mil.

Iomart Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€19.0 Mil) to Mar. 2024 (€18.2 Mil) but then increased from Mar. 2024 (€18.2 Mil) to Sep. 2024 (€18.7 Mil).

Iomart Group's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (€22.8 Mil) to Mar. 2023 (€17.9 Mil) but then increased from Mar. 2023 (€17.9 Mil) to Mar. 2024 (€18.2 Mil).

Iomart Group Long-Term Capital Lease Obligation Historical Data

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

Iomart Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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19.40

24.97

22.81

17.91

18.22

Iomart Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															20.17	17.91	18.99	18.22	18.74

Iomart Group (STU:LYU) 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.

Iomart Group Long-Term Capital Lease Obligation Related Terms

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Iomart Group Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Iomart Group PLC (STU:LYU) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

IOM.GB:UK IOM:UK LYU:Germany

Address

55 Robertson Street, 6 Atlantic Quay, Glasgow, GBR, G2 8JD

Website

https://www.iomart.com

Iomart Group PLC is engaged in the provision of managed cloud services. The company's reportable segment includes Easyspace and Cloud Services. The Cloud Services segment provides managed cloud computing facilities and services, through a network of owned data centers to the larger SME and corporate markets. The Easyspace segment provides a range of shared hosting and domain registration services to micro and SME companies. It generates maximum revenue from the Cloud Services segment. Geographically, it derives a majority of its revenue from the United Kingdom and also has a presence in the Rest of the World.

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