Inchcape (Inchcape) Long-Term Capital Lease Obligation : $454 Mil (As of Dec. 2023)

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What is Inchcape Long-Term Capital Lease Obligation?

Inchcape's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $454 Mil.

Inchcape's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($507 Mil) to Jun. 2023 ($498 Mil) and declined from Jun. 2023 ($498 Mil) to Dec. 2023 ($454 Mil).

Inchcape's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($356 Mil) to Dec. 2022 ($507 Mil) but then declined from Dec. 2022 ($507 Mil) to Dec. 2023 ($454 Mil).

Inchcape Long-Term Capital Lease Obligation Historical Data

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

Inchcape Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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387.94

368.68

355.85

506.70

454.43

Inchcape 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															355.85	346.80	506.70	497.73	454.43

Inchcape (OTCPK:IHCPF) 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.

Inchcape Long-Term Capital Lease Obligation Related Terms

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Inchcape (Inchcape) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Inchcape PLC (OTCPK:IHCPF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

INCHl:UK INCH:UK IJCA:Germany

Address

22a St James's Square, London, GBR, SW1Y 5LP

Website

https://www.inchcape.com

Inchcape PLC, headquartered in the United Kingdom, is a distributor and retailer of premium and luxury automobiles through partnerships with original equipment manufacturers (OEMs). The company has four reportable segments and two operating business units: distribution and retail. The distribution segment delivers new vehicles and parts in three geographies (Europe, Asia Pacific (APAC), the Americas, and Africa) and provides associated marketing and logistics operations. The retail segment sells new and used vehicles in the U.K. and Europe. The company's profitable revenue sources are distribution services performed in APAC and retail services in the U.K. and Europe.