ITV (LSE:ITV) Long-Term Capital Lease Obligation : £97 Mil (As of Dec. 2023)

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What is ITV Long-Term Capital Lease Obligation?

ITV's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £97 Mil.

ITV's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (£111 Mil) to Jun. 2023 (£107 Mil) and declined from Jun. 2023 (£107 Mil) to Dec. 2023 (£97 Mil).

ITV's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (£71 Mil) to Dec. 2022 (£111 Mil) but then declined from Dec. 2022 (£111 Mil) to Dec. 2023 (£97 Mil).

ITV Long-Term Capital Lease Obligation Historical Data

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

ITV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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64.00

83.00

71.00

111.00

97.00

ITV 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															71.00	103.00	111.00	107.00	97.00

ITV (LSE:ITV) 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.

ITV Long-Term Capital Lease Obligation Related Terms

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ITV (LSE:ITV) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » ITV PLC (LSE:ITV) » Definitions » Long-Term Capital Lease Obligation

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ITVPY:USA ITVPF:USA ITVl:UK IJ7:Germany

Address

201 Wood Lane, White City Place, London, GBR, W12 7RU

Website

https://www.itvplc.com

ITV PLC is a broadcasting television company that owns, creates, and distributes the content on its platforms. The company's international content business, ITV Studios, produces programming for ITV's channels as well as other British broadcasters. The company's segment includes ITV Studios and Media and Entertainment. It generates maximum revenue from the Media and Entertainment segment.

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