Genuit Group (LSE:GEN) Long-Term Capital Lease Obligation : £18.4 Mil (As of Dec. 2023)

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What is Genuit Group Long-Term Capital Lease Obligation?

Genuit Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £18.4 Mil.

Genuit Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (£17.3 Mil) to Jun. 2023 (£18.5 Mil) but then declined from Jun. 2023 (£18.5 Mil) to Dec. 2023 (£18.4 Mil).

Genuit Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (£16.1 Mil) to Dec. 2022 (£17.3 Mil) and increased from Dec. 2022 (£17.3 Mil) to Dec. 2023 (£18.4 Mil).

Genuit Group Long-Term Capital Lease Obligation Historical Data

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

Genuit Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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11.90

9.40

16.10

17.30

18.40

Genuit Group 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															16.10	16.50	17.30	18.50	18.40

Genuit Group (LSE:GEN) 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.

Genuit Group Long-Term Capital Lease Obligation Related Terms

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Genuit Group (LSE:GEN) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Genuit Group PLC (LSE:GEN) » Definitions » Long-Term Capital Lease Obligation

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GENl:UK 0P5:Germany

Address

4 Victoria Place, Holbeck, Leeds, GBR, LS11 5AE

Website

https://www.polypipe.com

Genuit Group PLC develops plastic piping and energy ventilation systems for residential, commercial, and infrastructure sectors. The company has two reporting segments: residential systems and commercial & infrastructure systems. Polypipe offers drainage systems, soil and waste, below-ground drainage, and resilience in the residential market. Engineering solutions will also help replace materials like concrete and clay in the civil and infrastructure space. An array of services in the civil and infrastructure market helps the company develop high-performing and reliable products for the U.K. market. The group derives its revenue from the residential sectors.