AB Dynamics (LSE:ABDP) Long-Term Capital Lease Obligation : £2.1 Mil (As of Feb. 2024)

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What is AB Dynamics Long-Term Capital Lease Obligation?

AB Dynamics's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was £2.1 Mil.

AB Dynamics's quarterly Long-Term Capital Lease Obligation declined from Feb. 2023 (£1.0 Mil) to Aug. 2023 (£0.9 Mil) but then increased from Aug. 2023 (£0.9 Mil) to Feb. 2024 (£2.1 Mil).

AB Dynamics's annual Long-Term Capital Lease Obligation declined from Aug. 2021 (£0.5 Mil) to Aug. 2022 (£0.3 Mil) but then increased from Aug. 2022 (£0.3 Mil) to Aug. 2023 (£0.9 Mil).

AB Dynamics Long-Term Capital Lease Obligation Historical Data

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

AB Dynamics Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

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0.25

0.51

0.32

0.91

AB Dynamics Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.51	0.32	0.95	0.91	2.06

AB Dynamics (LSE:ABDP) 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.

AB Dynamics Long-Term Capital Lease Obligation Related Terms

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AB Dynamics (LSE:ABDP) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » AB Dynamics PLC (LSE:ABDP) » Definitions » Long-Term Capital Lease Obligation

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ABDP.GB:UK

Address

Middleton Drive, Bradford on Avon, Wiltshire, GBR, BA15 1GB

Website

https://www.abdplc.com

AB Dynamics PLC supplies measurement and testing equipment to the automotive industry. The principal activity of the Group is the design, manufacture, and supply of testing, simulation and measurement products for the global transport market. The Group derives the majority of revenue from Laboratory testing and simulation and includes Track testing. Geographically, key revenue is generated from Asia Pacific that includes the United Kingdom, the Rest of European, North America, and the Rest of the World.

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