CMO Group (LSE:CMO) Long-Term Capital Lease Obligation : £0.62 Mil (As of Jun. 2023)

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What is CMO Group Long-Term Capital Lease Obligation?

CMO Group's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.62 Mil.

CMO Group's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (£0.14 Mil) to Dec. 2022 (£0.00 Mil) but then increased from Dec. 2022 (£0.00 Mil) to Jun. 2023 (£0.62 Mil).

CMO Group's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (£0.47 Mil) to Dec. 2021 (£0.14 Mil) and declined from Dec. 2021 (£0.14 Mil) to Dec. 2022 (£0.00 Mil).

CMO Group Long-Term Capital Lease Obligation Historical Data

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

CMO Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

0.52

0.40

0.47

0.14

CMO Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				0.46	0.14	0.14	-	0.62

CMO Group (LSE:CMO) 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.

CMO Group Long-Term Capital Lease Obligation Related Terms

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