Webis Holdings (LSE:WEB) Long-Term Capital Lease Obligation : £0.44 Mil (As of Nov. 2023)

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What is Webis Holdings Long-Term Capital Lease Obligation?

Webis Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was £0.44 Mil.

Webis Holdings's quarterly Long-Term Capital Lease Obligation declined from Nov. 2022 (£0.51 Mil) to May. 2023 (£0.44 Mil) but then increased from May. 2023 (£0.44 Mil) to Nov. 2023 (£0.44 Mil).

Webis Holdings's annual Long-Term Capital Lease Obligation increased from May. 2021 (£0.16 Mil) to May. 2022 (£0.47 Mil) but then declined from May. 2022 (£0.47 Mil) to May. 2023 (£0.44 Mil).

Webis Holdings Long-Term Capital Lease Obligation Historical Data

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

Webis Holdings Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Long-Term Capital Lease Obligation

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0.24

0.16

0.47

0.44

Webis Holdings 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															0.18	0.47	0.51	0.44	0.44

Webis Holdings (LSE:WEB) 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.

Webis Holdings Long-Term Capital Lease Obligation Related Terms

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Webis Holdings (LSE:WEB) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Webis Holdings PLC (LSE:WEB) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Nelson Street, Viking House, Douglas, IMN, IM1 2AH

Website

https://www.webisholdingsplc.com

Webis Holdings PLC is a holding company operating in gaming and technology sector. The company with its subsidiaries operates a totalizator wagering hub through its United States supplier, which enables it to conduct its Advanced Deposit Wagering business by passing wagers directly into racetrack betting pools in real time. Its operating segment includes Racetrack and ADW. The company generates maximum revenue from the Racetrack segment. Geographically, it derives a majority of revenue from North America.