Circle Property (LSE:CRC) Long-Term Capital Lease Obligation : £0.03 Mil (As of Sep. 2022)

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What is Circle Property Long-Term Capital Lease Obligation?

Circle Property's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2022 was £0.03 Mil.

Circle Property's quarterly Long-Term Capital Lease Obligation increased from Sep. 2021 (£0.00 Mil) to Mar. 2022 (£0.05 Mil) but then declined from Mar. 2022 (£0.05 Mil) to Sep. 2022 (£0.03 Mil).

Circle Property's annual Long-Term Capital Lease Obligation declined from Mar. 2020 (£0.07 Mil) to Mar. 2021 (£0.03 Mil) but then increased from Mar. 2021 (£0.03 Mil) to Mar. 2022 (£0.05 Mil).

Circle Property Long-Term Capital Lease Obligation Historical Data

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

Circle Property Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Long-Term Capital Lease Obligation

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0.07

0.03

0.05

Circle Property Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								0.05	0.03	-	0.05	0.03

Circle Property (LSE:CRC) 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.

Circle Property Long-Term Capital Lease Obligation Related Terms

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Circle Property (LSE:CRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Circle Property PLC (LSE:CRC) » Definitions » Long-Term Capital Lease Obligation

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Address

c/o Oak Group (Jersey) Ltd, Castle Street, 3rd Floor, IFC5, St Helier, JEY, JE2 3BY

Website

https://www.circleproperty.co.uk

Circle Property PLC is a property investment company. The company acquires provincial office properties where it can add value by undertaking lease renewals, rent reviews, lettings, and refurbishments. It generates revenue from Rental income. Some of the company's portfolio include Kents Hill Park, Somerset House, One Castlepark, 36 Great Charles Street, Aztec West Business Park, Northampton Business Park, and others. Geographically, it operates only in the United Kingdom.