Trakm8 Holdings (LSE:TRAK) Long-Term Capital Lease Obligation : £1.27 Mil (As of Sep. 2023)

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What is Trakm8 Holdings Long-Term Capital Lease Obligation?

Trakm8 Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was £1.27 Mil.

Trakm8 Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (£1.26 Mil) to Mar. 2023 (£1.11 Mil) but then increased from Mar. 2023 (£1.11 Mil) to Sep. 2023 (£1.27 Mil).

Trakm8 Holdings's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (£1.77 Mil) to Mar. 2022 (£1.37 Mil) and declined from Mar. 2022 (£1.37 Mil) to Mar. 2023 (£1.11 Mil).

Trakm8 Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Trakm8 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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Trakm8 Holdings Long-Term Capital Lease Obligation Chart

Trakm8 Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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0.39

2.16

1.77

1.37

1.11

Trakm8 Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.46	1.37	1.26	1.11	1.27

Trakm8 Holdings (LSE:TRAK) 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.

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Trakm8 Holdings (LSE:TRAK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Trakm8 Holdings PLC (LSE:TRAK) » Definitions » Long-Term Capital Lease Obligation

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Address

4 Roman Park, Roman Way, Coleshill, Birmingham, West Midlands, GBR, B46 1HG

Website

https://www.trakm8.com

Trakm8 Holdings PLC is a UK-based company. The company through its subsidiaries is engaged in developing, manufacturing, marketing, and distribution of vehicle telematics devices and services. Its operating segment includes Integrated Telematics Technology. The company generates maximum revenue from Fleet and optimization and Insurance and automotive solutions. Geographically, it derives the majority of its revenue from the United Kingdom and has a presence in North America, Norway, the Rest of Europe, and the Rest of the World.