Saietta Group (LSE:SED) Long-Term Capital Lease Obligation : £4.59 Mil (As of Sep. 2023)

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What is Saietta Group Long-Term Capital Lease Obligation?

Saietta Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was £4.59 Mil.

Saietta Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (£6.00 Mil) to Mar. 2023 (£5.06 Mil) and declined from Mar. 2023 (£5.06 Mil) to Sep. 2023 (£4.59 Mil).

Saietta Group's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (£0.33 Mil) to Mar. 2022 (£2.38 Mil) and increased from Mar. 2022 (£2.38 Mil) to Mar. 2023 (£5.06 Mil).

Saietta Group Long-Term Capital Lease Obligation Historical Data

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

Saietta Group Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

0.04

0.33

2.38

5.06

Saietta Group Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				0.29	2.38	6.00	5.06	4.59

Saietta Group (LSE:SED) 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.

Saietta Group Long-Term Capital Lease Obligation Related Terms

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Saietta Group (LSE:SED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Saietta Group PLC (LSE:SED) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/- Fieldfisher, Riverbank House, 2 Swan Lane, London, GBR, EC4R 3TT

Website

https://www.saietta.com

Saietta Group PLC is an engineering company. Its branded AFT (Axial Flux Technology) is modular in design, meaning high and low voltage e-motor solutions can be provided from scooters to large vehicles. It operates in three segments; Lightweight, Heavy-duty and Marine division. It generates maximum revenue from Lightweight segment. AFT has been designed for high automation in volume production meaning AFT cost-effectively delivers class performance. Geographically, the company operates in United Kingdom, European Unions and the rest of the world.

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