Ferguson (LSE:FERG) Long-Term Capital Lease Obligation : £917 Mil (As of Jan. 2024)

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What is Ferguson Long-Term Capital Lease Obligation?

Ferguson's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was £917 Mil.

Ferguson's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 (£874 Mil) to Oct. 2023 (£962 Mil) but then declined from Oct. 2023 (£962 Mil) to Jan. 2024 (£917 Mil).

Ferguson's annual Long-Term Capital Lease Obligation increased from Jul. 2021 (£599 Mil) to Jul. 2022 (£732 Mil) and increased from Jul. 2022 (£732 Mil) to Jul. 2023 (£874 Mil).

Ferguson Long-Term Capital Lease Obligation Historical Data

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

Ferguson Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Long-Term Capital Lease Obligation

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3.21

845.24

598.75

732.25

873.78

Ferguson Quarterly Data
	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															785.14	798.99	873.78	962.21	916.86

Ferguson (LSE:FERG) 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.

Ferguson Long-Term Capital Lease Obligation Related Terms

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Ferguson (LSE:FERG) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Ferguson PLC (LSE:FERG) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

FERG:USA FERGl:UK 24W5:Germany

Address

1020 Eskdale Road, Winnersh Triangle, Wokingham, Berkshire, GBR, RG41 5TS

Website

https://www.fergusonplc.com

Ferguson distributes plumbing and HVAC products primarily to repair, maintenance and improvement, new construction, and civil infrastructure markets. It serves over 1 million customers and sources products from 37,000 suppliers. Ferguson engages customers through approximately 1,700 North American branches, over the phone, online, and in residential showrooms. In fiscal 2023, Ferguson derived 95% of its nearly $30 billion of sales in the U.S. According to Modern Distribution Management, Ferguson is the largest industrial and construction distributor in North America. The firm sold its U.K. business in 2021 and is now solely focused on the North American market.