Greggs (LSE:GRG) Long-Term Capital Lease Obligation : £267 Mil (As of Dec. 2023)

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What is Greggs Long-Term Capital Lease Obligation?

Greggs's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £267 Mil.

Greggs's quarterly Long-Term Capital Lease Obligation stayed the same from Dec. 2022 (£253 Mil) to Jun. 2023 (£253 Mil) but then increased from Jun. 2023 (£253 Mil) to Dec. 2023 (£267 Mil).

Greggs's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (£234 Mil) to Dec. 2022 (£253 Mil) and increased from Dec. 2022 (£253 Mil) to Dec. 2023 (£267 Mil).

Greggs Long-Term Capital Lease Obligation Historical Data

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

Greggs Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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226.90

243.10

233.90

252.50

267.10

Greggs Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															233.90	241.20	252.50	252.50	267.10

Greggs (LSE:GRG) 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.

Greggs Long-Term Capital Lease Obligation Related Terms

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Greggs (LSE:GRG) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Greggs PLC (LSE:GRG) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

GGGSY:USA GRGl:UK 41G1:Germany

Address

Greggs House, Quorum Business Park, Newcastle upon Tyne, GBR, NE12 8BU

Website

https://www.greggs.co.uk

Greggs PLC is a U.K.-based company that is principally engaged in manufacturing, distributing, and retailing bakery goods, sandwiches, and drinks under the Greggs brand. The company focuses on the food-on-the-go market. It has a vertically integrated supply network, with its bakeries & delivery network. Greggs operates in two segments: Company-managed retail activities and B2B channels. Its shops are located in retail & industrial parks, motorway service stations, and travel hubs, to meet the demands of busy customers. The company generates all its revenue from the United Kingdom.

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