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Babcock International Group (LSE:BAB) Long-Term Capital Lease Obligation : £171 Mil (As of Sep. 2023)


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What is Babcock International Group Long-Term Capital Lease Obligation?

Babcock International Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was £171 Mil.

Babcock International Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (£263 Mil) to Mar. 2023 (£179 Mil) and declined from Mar. 2023 (£179 Mil) to Sep. 2023 (£171 Mil).

Babcock International Group's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (£486 Mil) to Mar. 2022 (£329 Mil) and declined from Mar. 2022 (£329 Mil) to Mar. 2023 (£179 Mil).


Babcock International Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Babcock International 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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Babcock International Group Long-Term Capital Lease Obligation Chart

Babcock International Group Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 533.70 548.50 486.20 329.30 178.90

Babcock International Group Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 328.40 329.30 263.30 178.90 170.60

Babcock International Group  (LSE:BAB) 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.

Babcock International Group Long-Term Capital Lease Obligation Related Terms

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Babcock International Group (LSE:BAB) Business Description

Traded in Other Exchanges
Address
33 Wigmore Street, London, GBR, W1U 1QX
Babcock International Group PLC is a British engineering company specializing in the construction and decommissions of nuclear power plants and submarines; maintenance support; fleet management for aviation, marine, and land; and provision of technical training and emergency services. The company's operating segment includes Marine, Land, Aviation, and Nuclear. It generates maximum revenue from the Marine segment. Geographically, it derives a majority of revenue from the United Kingdom and also has a presence in the Rest of Europe, Africa, North America, Australasia, and the Rest of the World.

Babcock International Group (LSE:BAB) Headlines

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