Cazoo Group (Cazoo Group) Long-Term Capital Lease Obligation : $96 Mil (As of Jun. 2023)

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What is Cazoo Group Long-Term Capital Lease Obligation?

Cazoo Group's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $96 Mil.

Cazoo Group's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 ($121 Mil) to Dec. 2022 ($108 Mil) and declined from Dec. 2022 ($108 Mil) to Jun. 2023 ($96 Mil).

Cazoo Group's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($56 Mil) to Dec. 2021 ($95 Mil) and increased from Dec. 2021 ($95 Mil) to Dec. 2022 ($108 Mil).

Cazoo Group Long-Term Capital Lease Obligation Historical Data

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

Cazoo Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

5.71

55.79

95.18

108.24

Cazoo Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			65.50	95.18	121.33	108.24	96.03

Cazoo Group (OTCPK:CZOOF) 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.

Cazoo Group Long-Term Capital Lease Obligation Related Terms

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Cazoo Group (Cazoo Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cazoo Group Ltd (OTCPK:CZOOF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

41 Chalton Street, London, GBR, NW1 1JD

Website

https://www.cazoo.co.uk

Cazoo Group Ltd transforms the car buying experience for consumers across the UK and Europe. It aims to make buying a car an easy experience, where consumers can simply and seamlessly purchase, finance, or subscribe to a car entirely online for either delivery or collection in less time.