Balfour Beatty (LSE:BBY) Long-Term Capital Lease Obligation : £93 Mil (As of Dec. 2023)

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What is Balfour Beatty Long-Term Capital Lease Obligation?

Balfour Beatty's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £93 Mil.

Balfour Beatty's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (£83 Mil) to Jun. 2023 (£85 Mil) and increased from Jun. 2023 (£85 Mil) to Dec. 2023 (£93 Mil).

Balfour Beatty's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (£85 Mil) to Dec. 2022 (£83 Mil) but then increased from Dec. 2022 (£83 Mil) to Dec. 2023 (£93 Mil).

Balfour Beatty Long-Term Capital Lease Obligation Historical Data

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

Balfour Beatty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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78.00

85.00

83.00

93.00

Balfour Beatty 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	Get a 7-Day Free Trial															85.00	89.00	83.00	85.00	93.00

Balfour Beatty (LSE:BBY) 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.

Balfour Beatty Long-Term Capital Lease Obligation Related Terms

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Balfour Beatty (LSE:BBY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Balfour Beatty PLC (LSE:BBY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

BAFYY:USA BAFBF:USA BBYl:UK BIH:Germany

Address

5 Churchill Place, Canary Wharf, London, GBR, E14 5HU

Website

https://www.balfourbeatty.com

Balfour Beatty PLC finances, builds, and maintains infrastructure projects. It develops projects in energy, water, communications, transportation, and other industrial markets. In addition, the company manages construction businesses and provides maintenance and management services in power transmission, utilities infrastructure, road, and rail. Some projects are granted through concessions by government authorities. Balfour Beatty operates three business segments: Construction services (majority of total revenue), Support services, and Infrastructure investments. It will invest directly in infrastructure assets when there are opportunities to manage the projects upon completion and create recurring revenue. The majority of sales are derived from the United Kingdom and the United States.