McColl's Retail Group (LSE:MCLS) Long-Term Capital Lease Obligation : £161 Mil (As of May. 2021)

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What is McColl's Retail Group Long-Term Capital Lease Obligation?

McColl's Retail Group's Long-Term Capital Lease Obligation for the quarter that ended in May. 2021 was £161 Mil.

McColl's Retail Group's quarterly Long-Term Capital Lease Obligation declined from May. 2020 (£181 Mil) to Nov. 2020 (£172 Mil) and declined from Nov. 2020 (£172 Mil) to May. 2021 (£161 Mil).

McColl's Retail Group's annual Long-Term Capital Lease Obligation increased from Nov. 2018 (£1 Mil) to Nov. 2019 (£1 Mil) and increased from Nov. 2019 (£1 Mil) to Nov. 2020 (£172 Mil).

McColl's Retail Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for McColl's Retail 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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McColl's Retail Group Long-Term Capital Lease Obligation Chart

McColl's Retail Group Annual Data

Trend

Nov11

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Long-Term Capital Lease Obligation

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3.35

1.75

0.95

1.40

171.50

McColl's Retail Group Semi-Annual Data
	Nov11	Nov12	May13	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial														1.07	1.40	181.04	171.50	161.30

McColl's Retail Group (LSE:MCLS) 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.

McColl's Retail Group Long-Term Capital Lease Obligation Related Terms

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McColl's Retail Group (LSE:MCLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » McColl's Retail Group PLC (LSE:MCLS) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

One London Road, Ground Floor West, Brentwood, Essex, GBR, CM14 4QW

Website

https://www.mccolls.co.uk

McColl's Retail Group PLC is a retailer operator of convenience and newsagent stores. The company's products and services include everyday groceries, milk, baked beans, fruit pots, snacks, and ready meals, Lotto, Paypoint, and beers, wines, and spirits. The group operates more than 800 convenience stores and approximately 400 newsagent stores. It derives most of the revenue from convenience stores.

McColl's Retail Group (LSE:MCLS) Headlines

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