Adept Technology Group (LSE:ADT) Long-Term Capital Lease Obligation : £0.63 Mil (As of Sep. 2022)

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What is Adept Technology Group Long-Term Capital Lease Obligation?

Adept Technology Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2022 was £0.63 Mil.

Adept Technology Group's quarterly Long-Term Capital Lease Obligation increased from Sep. 2021 (£0.00 Mil) to Mar. 2022 (£0.24 Mil) and increased from Mar. 2022 (£0.24 Mil) to Sep. 2022 (£0.63 Mil).

Adept Technology Group's annual Long-Term Capital Lease Obligation stayed the same from Mar. 2020 (£0.00 Mil) to Mar. 2021 (£0.00 Mil) but then increased from Mar. 2021 (£0.00 Mil) to Mar. 2022 (£0.24 Mil).

Adept Technology Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Adept Technology 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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Adept Technology Group Long-Term Capital Lease Obligation Chart

Adept Technology Group Annual Data

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Long-Term Capital Lease Obligation

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0.24

Adept Technology Group Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	0.24	0.63

Adept Technology Group (LSE:ADT) 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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Adept Technology Group (LSE:ADT) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Adept Technology Group PLC (LSE:ADT) » Definitions » Long-Term Capital Lease Obligation

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Address

77 Mount Ephraim, Tunbridge Wells, Kent, GBR, TN4 8BS

Website

https://www.adept.co.uk

Adept Technology Group PLC is an independent provider offering a unified communications portfolio of fixed-line calls, line rental, mobile, data connectivity, hardware, managed services, WiFi, IP telephony and IT services to thousands of business and residential customers across the UK. It offers flexible technical and commercial options for onsite and cloud-based telephony and managed services. The company operates in the Fixed-line services segment that provides calls and line rental services and Managed services that offer data connectivity, hardware services, IP telephony, support and maintenance services.