CT Automotive Group (LSE:CTA) Long-Term Capital Lease Obligation : £6.3 Mil (As of Jun. 2023)

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What is CT Automotive Group Long-Term Capital Lease Obligation?

CT Automotive Group's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was £6.3 Mil.

CT Automotive Group's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (£5.2 Mil) to Dec. 2022 (£7.3 Mil) but then declined from Dec. 2022 (£7.3 Mil) to Jun. 2023 (£6.3 Mil).

CT Automotive Group's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (£4.2 Mil) to Dec. 2021 (£3.9 Mil) but then increased from Dec. 2021 (£3.9 Mil) to Dec. 2022 (£7.3 Mil).

CT Automotive Group Long-Term Capital Lease Obligation Historical Data

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

CT Automotive Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

5.07

4.20

3.87

7.31

CT Automotive Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				3.15	3.87	5.23	7.31	6.26

CT Automotive Group (LSE:CTA) 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.

CT Automotive Group Long-Term Capital Lease Obligation Related Terms

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CT Automotive Group (LSE:CTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CT Automotive Group PLC (LSE:CTA) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

X7X:Germany

Address

1000 Lakeside North Harbour, Western Road, Portsmouth, Hampshire, GBR, PO6 3EN

Website

https://www.ct-automotive.net

CT Automotive Group PLC designs develops and supplies interior components for the automotive industry. Customers include a few original equipment manufacturers and Tier One suppliers to OEMs. The group has an international manufacturing footprint with the majority of the production across three sites in China with additional sites in the UK, Czech Republic, and Turkey, as well as an engineering design office in India.