Beeks Financial Cloud Group (LSE:BKS) Long-Term Capital Lease Obligation : £1.27 Mil (As of Dec. 2023)

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What is Beeks Financial Cloud Group Long-Term Capital Lease Obligation?

Beeks Financial Cloud Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £1.27 Mil.

Beeks Financial Cloud Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (£2.43 Mil) to Jun. 2023 (£2.05 Mil) and declined from Jun. 2023 (£2.05 Mil) to Dec. 2023 (£1.27 Mil).

Beeks Financial Cloud Group's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (£2.21 Mil) to Jun. 2022 (£2.30 Mil) but then declined from Jun. 2022 (£2.30 Mil) to Jun. 2023 (£2.05 Mil).

Beeks Financial Cloud Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Beeks Financial Cloud 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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Beeks Financial Cloud Group Long-Term Capital Lease Obligation Chart

Beeks Financial Cloud Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.03

1.99

2.21

2.30

2.05

Beeks Financial Cloud Group Semi-Annual Data
	Jun15	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												2.67	2.30	2.43	2.05	1.27

Beeks Financial Cloud Group (LSE:BKS) 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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Beeks Financial Cloud Group (LSE:BKS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beeks Financial Cloud Group PLC (LSE:BKS) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

2 Kings Inch Way, Riverside Building, Renfrew, Renfrew, Renfrewshire, GBR, PA4 8YU

Website

https://www.beeksgroup.com

Beeks Financial Cloud Group PLC is a technology company that provides services like Trading Infrastructure, Managed Cloud, On Demand compute, Connectivity, Analytics and Open Finance to enterprises functioning in capital markets and financial services industry. The operating segments of the company are Public/Private Cloud and Proximity Cloud/Exchange Cloud with the majority of the revenue being generated from the Public/Private Cloud segment. Geographically, the company operates in United Kingdom, Europe, United States and Rest of the world. A substantial portion of its overall revenue is generated from its business in United States.