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FirstGroup (FirstGroup) Long-Term Capital Lease Obligation : $1,384 Mil (As of Sep. 2023)


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What is FirstGroup Long-Term Capital Lease Obligation?

FirstGroup's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1,384 Mil.

FirstGroup's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 ($1,595 Mil) to Mar. 2023 ($1,605 Mil) but then declined from Mar. 2023 ($1,605 Mil) to Sep. 2023 ($1,384 Mil).

FirstGroup's annual Long-Term Capital Lease Obligation declined from Mar. 2021 ($1,669 Mil) to Mar. 2022 ($686 Mil) but then increased from Mar. 2022 ($686 Mil) to Mar. 2023 ($1,605 Mil).

FirstGroup Long-Term Capital Lease Obligation Historical Data

The historical data trend for FirstGroup'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.

* Premium members only.

FirstGroup Long-Term Capital Lease Obligation Chart

FirstGroup Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.24 2,266.09 1,668.52 685.90 1,604.61

FirstGroup Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,095.19 685.90 1,595.13 1,604.61 1,383.79

FirstGroup  (OTCPK:FGROY) 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.

FirstGroup Long-Term Capital Lease Obligation Related Terms

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FirstGroup (FirstGroup) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » FirstGroup PLC (OTCPK:FGROY) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
FGPl:UK FGP:UK
Address
37 North Wharf Road, 8th Floor, The Point, Paddington, London, GBR, W2 1AF
Website
https://www.firstgroupplc.com
FirstGroup PLC is a passenger transportation company domiciled in the United Kingdom. The company organizes itself into segments: Greyhound, First Bus, and First Rail. The Greyhound segment operates intercity coaches in the United States and Canada. First Bus operates buses in the United Kingdom. First Rail operates passenger trains in the United Kingdom. The company derives the majority of its revenue from the United Kingdom.