Avacta Group (LSE:AVCT) Long-Term Capital Lease Obligation : £5.74 Mil (As of Dec. 2023)

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What is Avacta Group Long-Term Capital Lease Obligation?

Avacta Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £5.74 Mil.

Avacta Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (£3.75 Mil) to Jun. 2023 (£4.70 Mil) and increased from Jun. 2023 (£4.70 Mil) to Dec. 2023 (£5.74 Mil).

Avacta Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (£1.41 Mil) to Dec. 2022 (£3.75 Mil) and increased from Dec. 2022 (£3.75 Mil) to Dec. 2023 (£5.74 Mil).

Avacta Group Long-Term Capital Lease Obligation Historical Data

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

Avacta Group Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.75

1.41

3.75

5.74

Avacta Group Semi-Annual Data
	Jul13	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.41	3.97	3.75	4.70	5.74

Avacta Group (LSE:AVCT) 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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Avacta Group (LSE:AVCT) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Avacta Group PLC (LSE:AVCT) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

AVCTF:USA RTQ1:Germany

Address

Unit 20, Ash Way, Thorp Arch Estate, West Yorkshire, Wetherby, GBR, LS23 7FA

Website

https://www.avacta.com

Avacta Group PLC is a United Kingdom-based biotechnology company. The company offers its products through three segments that are Diagnostics, Therapeutics, and Animal Health. The company is developing novel cancer immunotherapies combining its two proprietary platforms Affimer biotherapeutics and precision tumor-targeted chemotherapy. The company operates in the United Kingdom, France, South Korea, Rest of Europe, Asia, and North America.

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