Pearson (STU:PES) Long-Term Capital Lease Obligation

: €561 Mil (As of Dec. 2023)

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Pearson's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €561 Mil.

Pearson's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€614 Mil) to Jun. 2023 (€573 Mil) and declined from Jun. 2023 (€573 Mil) to Dec. 2023 (€561 Mil).

Pearson's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€665 Mil) to Dec. 2022 (€614 Mil) and declined from Dec. 2022 (€614 Mil) to Dec. 2023 (€561 Mil).

Pearson Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pearson'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.

* Premium members only.

Pearson Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

883.49

673.95

664.93

614.00

560.65

Pearson 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																664.93	648.92	614.00	573.38	560.65

Pearson (STU:PES) 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.

Pearson Long-Term Capital Lease Obligation Related Terms

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Pearson (STU:PES) Business Description

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Address

80 Strand, London, GBR, WC2R 0RL

Website

https://plc.pearson.com

U.K.-listed Pearson is the world's largest educational provider. The company has been disposing of noncore businesses such as the Financial Times, The Economist, and publishing house Penguin, and is now focused on being an educational resource and testing provider. While Pearson's primary activity centres on higher-level education, the firm also has significant operations in providing clinical assessments, professional certification and testing.

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