Calnex Solutions (LSE:CLX) Long-Term Capital Lease Obligation : £0.20 Mil (As of Mar. 2024)

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What is Calnex Solutions Long-Term Capital Lease Obligation?

Calnex Solutions's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was £0.20 Mil.

Calnex Solutions's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (£0.43 Mil) to Sep. 2023 (£0.28 Mil) and declined from Sep. 2023 (£0.28 Mil) to Mar. 2024 (£0.20 Mil).

Calnex Solutions's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (£0.66 Mil) to Mar. 2023 (£0.43 Mil) and declined from Mar. 2023 (£0.43 Mil) to Mar. 2024 (£0.20 Mil).

Calnex Solutions Long-Term Capital Lease Obligation Historical Data

The historical data trend for Calnex Solutions'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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Calnex Solutions Long-Term Capital Lease Obligation Chart

Calnex Solutions Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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0.55

0.44

0.66

0.43

0.20

Calnex Solutions Semi-Annual Data
	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							0.66	0.57	0.43	0.28	0.20

Calnex Solutions (LSE:CLX) 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.

Calnex Solutions Long-Term Capital Lease Obligation Related Terms

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Calnex Solutions (LSE:CLX) Business Description

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Address

Oracle Campus, Linlithgow, West Lothian, GBR, EH49 7LR

Website

https://www.calnexsol.com

Calnex Solutions PLC is a provider of test and measurement solutions for the telecommunications sector. It designs, produces, and markets test instrumentation and solutions for network synchronization and network emulation. The company offers its equipment to network operators, network providers, systems suppliers, laboratories, and network infrastructures.