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Marks & Spencer Group (Marks & Spencer Group) Long-Term Capital Lease Obligation : $0 Mil (As of Sep. 2023)


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What is Marks & Spencer Group Long-Term Capital Lease Obligation?

Marks & Spencer Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0 Mil.

Marks & Spencer Group's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 ($0 Mil) to Mar. 2023 ($2,506 Mil) but then declined from Mar. 2023 ($2,506 Mil) to Sep. 2023 ($0 Mil).

Marks & Spencer Group's annual Long-Term Capital Lease Obligation declined from Mar. 2021 ($3,033 Mil) to Mar. 2022 ($2,738 Mil) and declined from Mar. 2022 ($2,738 Mil) to Mar. 2023 ($2,506 Mil).

Marks & Spencer Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Marks & Spencer 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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Marks & Spencer Group Long-Term Capital Lease Obligation Chart

Marks & Spencer Group 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 - 2,926.73 3,032.59 2,738.47 2,505.95

Marks & Spencer Group 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 - 2,738.47 - 2,505.95 -

Marks & Spencer Group  (OTCPK:MAKSY) 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.

Marks & Spencer Group Long-Term Capital Lease Obligation Related Terms

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Marks & Spencer Group (Marks & Spencer Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Marks & Spencer Group PLC (OTCPK:MAKSY) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
MAKSF:USA MKSl:UK MKS:UK MA6:Germany
Address
35 North Wharf Road, Waterside House, London, GBR, W2 1NW
Website
https://www.marksandspencer.com
M&S is a British multichannel retailer with stores across Europe, Asia, and the Middle East. The company sells into more than 60 countries from thousands of stores and several websites around the world and offers predominantly own-brand luxury food, clothing, and home products with the majority of sales coming from its U.K. operations. Marks & Spencer operates three business models—owned, franchise, and joint venture—in the U.K. and internationally. The online business globally is delivered through localized owned and franchised websites and partnerships. The food segment includes value products, convenient ready-made meals, and healthy items. The clothing and home division sells own-brand and high-quality womenswear, lingerie, menswear, kidswear, beauty, and home products.