Speedy Hire (LSE:SDY) Long-Term Capital Lease Obligation : £66.6 Mil (As of Sep. 2023)

View and export this data going back to 1993. Start your Free Trial

What is Speedy Hire Long-Term Capital Lease Obligation?

Speedy Hire's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was £66.6 Mil.

Speedy Hire's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (£62.3 Mil) to Mar. 2023 (£64.0 Mil) and increased from Mar. 2023 (£64.0 Mil) to Sep. 2023 (£66.6 Mil).

Speedy Hire's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (£46.5 Mil) to Mar. 2022 (£56.1 Mil) and increased from Mar. 2022 (£56.1 Mil) to Mar. 2023 (£64.0 Mil).

Speedy Hire Long-Term Capital Lease Obligation Historical Data

The historical data trend for Speedy Hire'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.

* Premium members only.

Speedy Hire Long-Term Capital Lease Obligation Chart

Speedy Hire Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

60.10

52.70

46.50

56.10

64.00

Speedy Hire 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															51.30	56.10	62.30	64.00	66.60

Speedy Hire (LSE:SDY) 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.

Speedy Hire Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Speedy Hire's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Speedy Hire (LSE:SDY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Speedy Hire PLC (LSE:SDY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SDYl:UK SDY.GB:UK 5HN:Germany

Address

Chase House, 16 The Parks, Newton-le-Willows, Merseyside, GBR, WA12 0JQ

Website

https://www.speedyservices.com

Speedy Hire PLC is a UK-based company engaged in the provision of equipment for hire and sale and associated services to construction, infrastructure, industry, and related industries. It delivers asset management with tailored services and a continued commitment to relationship management. It generates revenue from Hire and related activities followed by services provided. The company's geographical segments are the United Kingdom and Ireland, of which the majority of its revenue comes from the United Kingdom.