Maintel Holdings (LSE:MAI) Long-Term Capital Lease Obligation : £0.7 Mil (As of Dec. 2023)

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What is Maintel Holdings Long-Term Capital Lease Obligation?

Maintel Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.7 Mil.

Maintel Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (£1.5 Mil) to Jun. 2023 (£1.2 Mil) and declined from Jun. 2023 (£1.2 Mil) to Dec. 2023 (£0.7 Mil).

Maintel Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (£2.3 Mil) to Dec. 2022 (£1.5 Mil) and declined from Dec. 2022 (£1.5 Mil) to Dec. 2023 (£0.7 Mil).

Maintel Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Maintel Holdings'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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Maintel Holdings Long-Term Capital Lease Obligation Chart

Maintel Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.37

2.87

2.25

1.45

0.73

Maintel Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.25	1.85	1.45	1.22	0.73

Maintel Holdings (LSE:MAI) 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.

Maintel Holdings Long-Term Capital Lease Obligation Related Terms

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Maintel Holdings (LSE:MAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Maintel Holdings PLC (LSE:MAI) » Definitions » Long-Term Capital Lease Obligation

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Address

160 Blackfriars Road, London, GBR, SE1 8EZ

Website

https://www.maintel.co.uk

Maintel Holdings PLC provides communication solutions to mid-market and enterprise businesses either on-premise or cloud-based. The company's service portfolio comprises unified communications, contact center solutions, document solutions, workforce optimization, local and wide area networking and security, mobile, and voice services, and managed print services. The company organizes its operations into three business segments namely Managed service and technology; Network services and Mobile services. It derives maximum revenue from the Managed service and technology segment. Geographically, It operates in the United Kingdom, the European Union, and the Rest of the world.

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