Gym Group (The) (Gym Group (The)) Long-Term Capital Lease Obligation : $393.2 Mil (As of Dec. 2023)

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What is Gym Group (The) Long-Term Capital Lease Obligation?

Gym Group (The)'s Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $393.2 Mil.

Gym Group (The)'s quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($396.0 Mil) to Jun. 2023 ($405.1 Mil) but then declined from Jun. 2023 ($405.1 Mil) to Dec. 2023 ($393.2 Mil).

Gym Group (The)'s annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($411.3 Mil) to Dec. 2022 ($396.0 Mil) and declined from Dec. 2022 ($396.0 Mil) to Dec. 2023 ($393.2 Mil).

Gym Group (The) Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gym Group (The)'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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Gym Group (The) Long-Term Capital Lease Obligation Chart

Gym Group (The) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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344.31

382.39

411.30

395.98

393.17

Gym Group (The) Semi-Annual Data
	Dec13	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															411.30	394.09	395.98	405.05	393.17

Gym Group (The) (OTCPK:GYYMF) 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.

Gym Group (The) Long-Term Capital Lease Obligation Related Terms

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Gym Group (The) (Gym Group (The)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Gym Group (The) PLC (OTCPK:GYYMF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

GYMl:UK GYM:UK 4GY:Germany

Address

12-16 Addiscombe Road, 5th Floor, OneCroydon, Croydon, GBR, CR0 0XT

Website

https://www.tggplc.com

Gym Group (The) PLC provides low-cost, 24/7 health and fitness facilities across the United Kingdom. The company offers flexible no-contract gym memberships, and it also ensures that all its sites have easy-access parking or are close to transportation hubs. The facilities include a wide variety of equipment as well to deliver value-for-the-money for its members. It generates the majority of its revenue from Membership income.

Gym Group (The) (Gym Group (The)) Headlines

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