SThree (LSE:STEM) Long-Term Capital Lease Obligation : £18 Mil (As of Nov. 2023)

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What is SThree Long-Term Capital Lease Obligation?

SThree's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was £18 Mil.

SThree's quarterly Long-Term Capital Lease Obligation declined from Nov. 2022 (£23 Mil) to May. 2023 (£19 Mil) and declined from May. 2023 (£19 Mil) to Nov. 2023 (£18 Mil).

SThree's annual Long-Term Capital Lease Obligation increased from Nov. 2021 (£22 Mil) to Nov. 2022 (£23 Mil) but then declined from Nov. 2022 (£23 Mil) to Nov. 2023 (£18 Mil).

SThree Long-Term Capital Lease Obligation Historical Data

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

SThree Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Long-Term Capital Lease Obligation

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23.43

21.99

22.60

17.72

SThree Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															21.99	19.78	22.60	19.39	17.72

SThree (LSE:STEM) 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.

SThree Long-Term Capital Lease Obligation Related Terms

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SThree (LSE:STEM) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » SThree PLC (LSE:STEM) » Definitions » Long-Term Capital Lease Obligation

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STEMl:UK

Address

75 King William Street, 1st Floor, London, GBR, EC4N 7BE

Website

https://www.sthree.com

SThree PLC is involved in the staffing business. It provides contract and permanent recruitment services. The company operates in information and communication, engineering, energy, life sciences, banking, and finance sectors. It provides its service through various brands such as computer future, progressive, Huxley, real, orgtel, jpgray, Newington international and enterprise partners. The company operates in the UK, Ireland, Continental Europe, America, Asia Pacific and the Middle east.