Argo Blockchain (LSE:ARB) Long-Term Capital Lease Obligation : £0.00 Mil (As of Dec. 2023)

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What is Argo Blockchain Long-Term Capital Lease Obligation?

Argo Blockchain's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.00 Mil.

Argo Blockchain's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (£0.44 Mil) to Sep. 2023 (£0.44 Mil) but then declined from Sep. 2023 (£0.44 Mil) to Dec. 2023 (£0.00 Mil).

Argo Blockchain's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (£0.38 Mil) to Dec. 2022 (£0.44 Mil) but then declined from Dec. 2022 (£0.44 Mil) to Dec. 2023 (£0.00 Mil).

Argo Blockchain Long-Term Capital Lease Obligation Historical Data

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

Argo Blockchain Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.97

0.38

0.44

Argo Blockchain Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												0.44	0.45	0.44	0.44	-

Argo Blockchain (LSE:ARB) 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.

Argo Blockchain Long-Term Capital Lease Obligation Related Terms

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Argo Blockchain (LSE:ARB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Argo Blockchain PLC (LSE:ARB) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

ARBK:USA ARBKF:USA ARBl:UK 0XP:Germany

Address

27/28 Eastcastle Street, Eastcastle House, London, GBR, W1W 8DH

Website

https://www.argoblockchain.com

Argo Blockchain PLC is a global data center business that provides a powerful and efficient platform for cryptocurrency mining operations. The company has operations in strategic locations in North America.