Abingdon Health (LSE:ABDX) Long-Term Capital Lease Obligation : £0.19 Mil (As of Dec. 2023)

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What is Abingdon Health Long-Term Capital Lease Obligation?

Abingdon Health's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.19 Mil.

Abingdon Health's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (£0.27 Mil) to Jun. 2023 (£0.22 Mil) and declined from Jun. 2023 (£0.22 Mil) to Dec. 2023 (£0.19 Mil).

Abingdon Health's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (£0.78 Mil) to Jun. 2022 (£0.58 Mil) and declined from Jun. 2022 (£0.58 Mil) to Jun. 2023 (£0.22 Mil).

Abingdon Health Long-Term Capital Lease Obligation Historical Data

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

Abingdon Health Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.40

1.00

0.78

0.58

0.22

Abingdon Health Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					0.67	0.58	0.27	0.22	0.19

Abingdon Health (LSE:ABDX) 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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Abingdon Health (LSE:ABDX) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Abingdon Health PLC (LSE:ABDX) » Definitions » Long-Term Capital Lease Obligation

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Address

York Biotech Campus, Sand Hutton, York, GBR, YO41 1LZ

Website

https://www.abingdonhealth.com

Abingdon Health PLC is a technology-enabled lateral flow diagnostics company. It provides rapid testing solutions to clients in healthcare and other industries. The firm's product ABC-19 is an antibody test for Covid-19 , and also produces tests covering areas such as self-test HIV, equine infection, human fertility, etc. Business operating segments includes; Contract Development comprises development work for third parties. Contract Manufacturing comprises contract development and manufacturing activities. Product Sales comprises the sale of ABC-19, Pocket Diagnostic products, PCRD tests and antibodies for research use. Key revenue comes from Contract Development segment. Geographically it operates and earns revenue from the UK, USA and Canada, Europe and the rest of the world.

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