Orient Telecoms (LSE:ORNT) Long-Term Capital Lease Obligation : £0.10 Mil (As of Sep. 2023)

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What is Orient Telecoms Long-Term Capital Lease Obligation?

Orient Telecoms's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.10 Mil.

Orient Telecoms's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (£0.17 Mil) to Mar. 2023 (£0.11 Mil) and declined from Mar. 2023 (£0.11 Mil) to Sep. 2023 (£0.10 Mil).

Orient Telecoms's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (£0.13 Mil) to Mar. 2022 (£0.20 Mil) but then declined from Mar. 2022 (£0.20 Mil) to Mar. 2023 (£0.11 Mil).

Orient Telecoms Long-Term Capital Lease Obligation Historical Data

The historical data trend for Orient Telecoms'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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Orient Telecoms Long-Term Capital Lease Obligation Chart

Orient Telecoms Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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0.13

0.20

0.11

Orient Telecoms Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								-	0.20	0.17	0.11	0.10

Orient Telecoms (LSE:ORNT) 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.

Orient Telecoms Long-Term Capital Lease Obligation Related Terms

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Orient Telecoms (LSE:ORNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Orient Telecoms PLC (LSE:ORNT) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

Jalan Stesen Sentral 5, Suite 2B-25-1, 25th Floor, Plaza Sentral, Block 2B, Kuala Lumpur, SGR, MYS, 50470

Website

https://www.orient-telecoms.com

Orient Telecoms PLC is a company that provides telecommunication services using the network infrastructure owned by other network operators to enable cost-effective and rapid connectivity to large bandwidth consumers initially in Malaysia and subsequently within other Southeast Asian countries. It operates in a highly competitive and saturated market as the company is not involved in building its own network infrastructure which would require significant capital expenditure.

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