Kingfisher (LSE:KGF) Long-Term Capital Lease Obligation : £2,001 Mil (As of Jan. 2024)

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What is Kingfisher Long-Term Capital Lease Obligation?

Kingfisher's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was £2,001 Mil.

Kingfisher's quarterly Long-Term Capital Lease Obligation declined from Jan. 2023 (£2,101 Mil) to Jul. 2023 (£2,048 Mil) and declined from Jul. 2023 (£2,048 Mil) to Jan. 2024 (£2,001 Mil).

Kingfisher's annual Long-Term Capital Lease Obligation increased from Jan. 2022 (£2,029 Mil) to Jan. 2023 (£2,101 Mil) but then declined from Jan. 2023 (£2,101 Mil) to Jan. 2024 (£2,001 Mil).

Kingfisher Long-Term Capital Lease Obligation Historical Data

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

Kingfisher Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

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2,221.00

2,091.00

2,029.00

2,101.00

2,001.00

Kingfisher Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2,029.00	1,984.00	2,101.00	2,048.00	2,001.00

Kingfisher (LSE:KGF) 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.

Kingfisher Long-Term Capital Lease Obligation Related Terms

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Kingfisher (LSE:KGF) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kingfisher PLC (LSE:KGF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

KGFHY:USA KGFHF:USA KGFl:UK KFI1:Germany

Address

1 Paddington Square, London, GBR, W2 1GG

Website

https://www.kingfisher.com

Kingfisher is a home improvement company with over 1,570 stores in eight countries across Europe. The company operates several retail banners that are focused on trade customers and general do-it-yourself needs. Kingfisher's main retail brands include B&Q, Screwfix, and TradePoint in the United Kingdom and Castorama and Brico Depot in France. The U.K. and France are Kingfisher's largest markets, accounting for 81% of sales. The company is the second-largest DIY retailer in Europe, with a leading position in the U.K. and a number-two position in France.

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