Zenova Group (LSE:ZED) Long-Term Capital Lease Obligation : £0.08 Mil (As of May. 2024)

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What is Zenova Group Long-Term Capital Lease Obligation?

Zenova Group's Long-Term Capital Lease Obligation for the quarter that ended in May. 2024 was £0.08 Mil.

Zenova Group's quarterly Long-Term Capital Lease Obligation declined from May. 2023 (£0.12 Mil) to Nov. 2023 (£0.09 Mil) and declined from Nov. 2023 (£0.09 Mil) to May. 2024 (£0.08 Mil).

Zenova Group's annual Long-Term Capital Lease Obligation declined from Nov. 2021 (£0.15 Mil) to Nov. 2022 (£0.12 Mil) and declined from Nov. 2022 (£0.12 Mil) to Nov. 2023 (£0.09 Mil).

Zenova Group Long-Term Capital Lease Obligation Historical Data

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

Zenova Group Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

Long-Term Capital Lease Obligation

0.15

0.12

0.09

Zenova Group Semi-Annual Data
	May21	Nov21	May22	Nov22	May23	Nov23	May24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			0.13	0.12	0.12	0.09	0.08

Zenova Group (LSE:ZED) 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.

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Zenova Group Business Description

Industry

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Address

172 Arlington Road, London, GBR, NW1 7HL

Website

https://www.zenovagroup.com

Zenova Group PLC is engaged in the development, manufacture, and sale of fire-retardant systems. It is the holder of intellectual property to underpin a suite of fire safety and temperature management products and technology applicable to industrial, commercial and residential markets. The company's product range includes fire protection paint, insulating paint and render and extinguishing fluid, and it has further products in varying stages of development and testing.

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