WPP (WPP) Long-Term Capital Lease Obligation

: $2,357 Mil (As of Dec. 2023)

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WPP's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,357 Mil.

WPP's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($2,349 Mil) to Jun. 2023 ($2,406 Mil) but then declined from Jun. 2023 ($2,406 Mil) to Dec. 2023 ($2,357 Mil).

WPP's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($2,343 Mil) to Dec. 2022 ($2,349 Mil) and increased from Dec. 2022 ($2,349 Mil) to Dec. 2023 ($2,357 Mil).

WPP Long-Term Capital Lease Obligation Historical Data

The historical data trend for WPP'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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WPP Annual Data

Trend

Dec14

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Dec18

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Dec20

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Dec23

Long-Term Capital Lease Obligation

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2,552.43

2,463.04

2,343.22

2,348.60

2,357.22

WPP 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	Take a 7-Day Free Trial															2,343.22	2,262.07	2,348.60	2,406.44	2,357.22

WPP (NYSE:WPP) 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.

WPP Long-Term Capital Lease Obligation Related Terms

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WPP (WPP) Business Description

Industry

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

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Traded in Other Exchanges

WPPGF:USA WPPl:UK WPP:UK 0WP:Germany 0WP:Germany

Address

18 Upper Ground, Sea Containers, London, GBR, SE1 9GL

Website

https://www.wpp.com

Headquartered in the United Kingdom, WPP is the world's largest ad holding company, based on annual revenues. WPP's services, which include traditional and digital advertising, public relations, and consulting, are provided worldwide, with over 70% of its revenue coming from more developed regions such as North America, the U.K., and Western Europe.