Wilmington (Wilmington) Long-Term Capital Lease Obligation : $5.7 Mil (As of Dec. 2023)

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What is Wilmington Long-Term Capital Lease Obligation?

Wilmington's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5.7 Mil.

Wilmington's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($9.9 Mil) to Jun. 2023 ($7.9 Mil) and declined from Jun. 2023 ($7.9 Mil) to Dec. 2023 ($5.7 Mil).

Wilmington's annual Long-Term Capital Lease Obligation declined from Jun. 2021 ($11.8 Mil) to Jun. 2022 ($8.5 Mil) and declined from Jun. 2022 ($8.5 Mil) to Jun. 2023 ($7.9 Mil).

Wilmington Long-Term Capital Lease Obligation Historical Data

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

Wilmington Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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13.09

11.76

8.45

7.87

Wilmington 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															10.31	8.45	9.92	7.87	5.67

Wilmington (OTCPK:WMGTF) 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.

Wilmington Long-Term Capital Lease Obligation Related Terms

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Wilmington (Wilmington) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Wilmington PLC (OTCPK:WMGTF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

WILl:UK WIL.GB:UK WIL:UK

Address

10 Whitechapel High Street, 5th Floor, London, GBR, E1 8QS

Website

https://www.wilmingtonplc.com

Wilmington PLC is an information services provider offering education and networking capabilities to its clients. Key focus areas include Risk & Compliance, Finance, Legal, and Insight. Its two Divisions are (Training & Education and Intelligence) Wilmington's portfolio of offerings includes data, information, intelligence, and solution sales; professional education, training, events and services; professional accreditation and assessment; and large, industry-leading annual networking events. Geographic areas of presence, Europe (excluding the UK), North America, and the Rest of the World.

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