Funding Circle Holdings (LSE:FCH) Long-Term Capital Lease Obligation : £6.4 Mil (As of Jun. 2024)

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What is Funding Circle Holdings Long-Term Capital Lease Obligation?

Funding Circle Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was £6.4 Mil.

Funding Circle Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (£8.9 Mil) to Dec. 2023 (£5.4 Mil) but then increased from Dec. 2023 (£5.4 Mil) to Jun. 2024 (£6.4 Mil).

Funding Circle Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (£17.0 Mil) to Dec. 2022 (£12.6 Mil) and declined from Dec. 2022 (£12.6 Mil) to Dec. 2023 (£5.4 Mil).

Funding Circle Holdings Long-Term Capital Lease Obligation Historical Data

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

Funding Circle Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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29.80

23.50

17.00

12.60

5.40

Funding Circle Holdings Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											15.90	12.60	8.90	5.40	6.40

Funding Circle Holdings (LSE:FCH) 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.

Funding Circle Holdings Long-Term Capital Lease Obligation Related Terms

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Funding Circle Holdings Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Funding Circle Holdings PLC (LSE:FCH) » Definitions » Long-Term Capital Lease Obligation

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FDCHF:USA FCHl:UK FCA:Germany

Address

71 Queen Victoria Street, London, GBR, EC4V 4AY

Website

https://corporate.fundingcircle.com

Funding Circle Holdings PLC provides an online lending platform through which borrower loans are originated and allocated to investors and comprising the different online lending platforms across the company's geographies. The company's geographical segments include the United Kingdom, the United States, and developing markets. It derives the majority of its revenue from the United Kingdom region.