Softcat (LSE:SCT) Long-Term Capital Lease Obligation : £6.4 Mil (As of Jan. 2024)

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What is Softcat Long-Term Capital Lease Obligation?

Softcat's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was £6.4 Mil.

Softcat's quarterly Long-Term Capital Lease Obligation increased from Jan. 2023 (£3.7 Mil) to Jul. 2023 (£7.0 Mil) but then declined from Jul. 2023 (£7.0 Mil) to Jan. 2024 (£6.4 Mil).

Softcat's annual Long-Term Capital Lease Obligation declined from Jul. 2021 (£5.7 Mil) to Jul. 2022 (£4.0 Mil) but then increased from Jul. 2022 (£4.0 Mil) to Jul. 2023 (£7.0 Mil).

Softcat Long-Term Capital Lease Obligation Historical Data

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

Softcat Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Long-Term Capital Lease Obligation

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7.97

5.70

3.95

7.03

Softcat Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															5.15	3.95	3.71	7.03	6.39

Softcat (LSE:SCT) 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.

Softcat Long-Term Capital Lease Obligation Related Terms

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Softcat (LSE:SCT) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Softcat PLC (LSE:SCT) » Definitions » Long-Term Capital Lease Obligation

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SCTl:UK

Address

Fieldhouse Lane, Solar House, Marlow, Buckinghamshire, GBR, SL7 1LW

Website

https://www.softcat.com

Softcat PLC is a information technology infrastructure and service provider. It offers software licensing, workplace technology, networking and security, and cloud and data center solutions to the corporates, public sector organizations and small to medium-sized business segment, of which small to medium-sized business segment is the major business provider to the company. The entity earns revenue from offering products like software, hardware, and services, as well as the sale of the company's own services, of which majority of the revenue is derived from offering software products.