THG (CHIX:THGL) Long-Term Capital Lease Obligation : £301 Mil (As of Dec. 2023)

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What is THG Long-Term Capital Lease Obligation?

THG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £301 Mil.

THG's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (£290 Mil) to Jun. 2023 (£276 Mil) but then increased from Jun. 2023 (£276 Mil) to Dec. 2023 (£301 Mil).

THG's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (£306 Mil) to Dec. 2022 (£290 Mil) but then increased from Dec. 2022 (£290 Mil) to Dec. 2023 (£301 Mil).

THG Long-Term Capital Lease Obligation Historical Data

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

THG Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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28.68

207.27

305.83

290.38

301.44

THG Quarterly Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							305.83	316.68	290.38	275.94	301.44

THG (CHIX:THGl) 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.

THG Long-Term Capital Lease Obligation Related Terms

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THG (CHIX:THGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » THG PLC (CHIX:THGl) » Definitions » Long-Term Capital Lease Obligation

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THGPF:USA THG:UK

Address

Icon 1, Sunbank Lane, Ringway, Altrincham, GBR, WA15 0AF

Website

https://www.thg.com

THG PLC is an online retailer. It provides an end-to-end direct-to-consumer ("D2C") e-commerce solution for consumer brand owners under a Software as a Service, in addition to stand-alone services, including hosting, content creation and translation. Its business is operated through four businesses: THG Ingenuity, THG Nutrition, THG Beauty and Other. The company operates in the United Kingdom.

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