Topps Tiles (CHIX:TPTL) Long-Term Capital Lease Obligation : £72.5 Mil (As of Mar. 2024)

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What is Topps Tiles Long-Term Capital Lease Obligation?

Topps Tiles's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was £72.5 Mil.

Topps Tiles's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (£82.1 Mil) to Sep. 2023 (£78.9 Mil) and declined from Sep. 2023 (£78.9 Mil) to Mar. 2024 (£72.5 Mil).

Topps Tiles's annual Long-Term Capital Lease Obligation declined from Sep. 2021 (£91.8 Mil) to Sep. 2022 (£84.7 Mil) and declined from Sep. 2022 (£84.7 Mil) to Sep. 2023 (£78.9 Mil).

Topps Tiles Long-Term Capital Lease Obligation Historical Data

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

Topps Tiles Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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98.64

91.82

84.74

78.85

Topps Tiles Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															86.97	84.74	82.10	78.85	72.54

Topps Tiles (CHIX:TPTl) 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.

Topps Tiles Long-Term Capital Lease Obligation Related Terms

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Topps Tiles (CHIX:TPTL) Business Description

Industry

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

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Traded in Other Exchanges

TPTJF:USA TPT.GB:UK TPT:UK

Address

Thorpe Way, Grove Park, Enderby, Leicestershire, GBR, LE19 1SU

Website

https://www.toppstiles.co.uk

Topps Tiles PLC is a tile and flooring retailer in the UK. The company focuses on selling ceramic and porcelain tiles, natural stone, and related products for homes and businesses. It offers products such as bathroom tiles, kitchen tiles, floor tiles, wall tiles, mosaic tiles, natural stone, and other tools and essentials. The company generates the majority of its revenues from sales in the UK.

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