Fulcrum Utility Services (LSE:FCRM) Long-Term Capital Lease Obligation : £2.20 Mil (As of Mar. 2023)

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What is Fulcrum Utility Services Long-Term Capital Lease Obligation?

Fulcrum Utility Services's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was £2.20 Mil.

Fulcrum Utility Services's quarterly Long-Term Capital Lease Obligation declined from Mar. 2022 (£1.87 Mil) to Sep. 2022 (£1.64 Mil) but then increased from Sep. 2022 (£1.64 Mil) to Mar. 2023 (£2.20 Mil).

Fulcrum Utility Services's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (£2.38 Mil) to Mar. 2022 (£1.87 Mil) but then increased from Mar. 2022 (£1.87 Mil) to Mar. 2023 (£2.20 Mil).

Fulcrum Utility Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for Fulcrum Utility Services'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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Fulcrum Utility Services Long-Term Capital Lease Obligation Chart

Fulcrum Utility Services Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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2.10

2.23

2.38

1.87

2.20

Fulcrum Utility Services Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.38	2.15	1.87	1.64	2.20

Fulcrum Utility Services (LSE:FCRM) 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.

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Fulcrum Utility Services (LSE:FCRM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Fulcrum Utility Services Ltd (LSE:FCRM) » Definitions » Long-Term Capital Lease Obligation

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Address

2 Europa View, Sheffield Business Park, Sheffield, South Yorkshire, GBR, S9 1XH

Website

https://www.fulcrum.co.uk

Fulcrum Utility Services Ltd is an independent multi-utility infrastructure and services provider. The principal activities are the provision of unregulated utility connections and independent gas transportation services in the United Kingdom. The company designs and project manages utility connections for customers seeking either new connections or the alteration or refurbishment of existing connections ranging from single-site alterations to multi-utility and multi-site new connections. It has two operating segments namely Infrastructure: Design and Build and Utility assets: Own and Operate. The company generates maximum revenue from Infrastructure: Design and Build segment. Geographically, it derives revenue from the United Kingdom.

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