National Grid (National Grid) Long-Term Capital Lease Obligation : $0 Mil (As of Sep. 2023)

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What is National Grid Long-Term Capital Lease Obligation?

National Grid's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0 Mil.

National Grid's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 ($0 Mil) to Mar. 2023 ($750 Mil) but then declined from Mar. 2023 ($750 Mil) to Sep. 2023 ($0 Mil).

National Grid's annual Long-Term Capital Lease Obligation declined from Mar. 2021 ($813 Mil) to Mar. 2022 ($594 Mil) but then increased from Mar. 2022 ($594 Mil) to Mar. 2023 ($750 Mil).

National Grid Long-Term Capital Lease Obligation Historical Data

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

National Grid Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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771.04

812.76

594.20

750.00

National Grid 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															-	594.20	-	750.00	-

National Grid (NYSE:NGG) 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.

National Grid Long-Term Capital Lease Obligation Related Terms

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National Grid (National Grid) Business Description

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Address

1-3 Strand, London, GBR, WC2N 5EH

Website

https://www.nationalgrid.com

National Grid owns and operates the electric transmission system in England and Wales. It sold the bulk of its U.K. gas transmission business in fiscal 2023 to fund the acquisition of PPL's U.K. power distribution assets. In the Northeastern United States, it serves electricity and gas customers combined in three states. It also owns regulated transmission and electricity generation in the United States, metering services, merchant transmission lines in the U.K., and the Grain (U.K.) liquefied natural gas facility.