Franchise Brands (LSE:FRAN) Long-Term Capital Lease Obligation : £5.3 Mil (As of Jun. 2023)

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What is Franchise Brands Long-Term Capital Lease Obligation?

Franchise Brands's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was £5.3 Mil.

Franchise Brands's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (£1.9 Mil) to Dec. 2022 (£1.6 Mil) but then increased from Dec. 2022 (£1.6 Mil) to Jun. 2023 (£5.3 Mil).

Franchise Brands's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (£2.2 Mil) to Dec. 2021 (£1.8 Mil) and declined from Dec. 2021 (£1.8 Mil) to Dec. 2022 (£1.6 Mil).

Franchise Brands Long-Term Capital Lease Obligation Historical Data

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

Franchise Brands Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.67

2.56

2.24

1.78

1.63

Franchise Brands Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial														2.11	1.78	1.94	1.63	5.32

Franchise Brands (LSE:FRAN) 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.

Franchise Brands Long-Term Capital Lease Obligation Related Terms

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Franchise Brands (LSE:FRAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Franchise Brands PLC (LSE:FRAN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ashwood Court, Springwood Close, Tytherington Business Park, Macclesfield, GBR, SK10 2XF

Website

https://www.franchisebrands.co.uk

Franchise Brands PLC is a holding company engaged in franchising and related activities. Its brands associated with the company are metro rod, chips away, barking mad, Oven clean, Metro Plumb, Willow Pumps, and Filta. Its operating segments are B2B, Filta International, B2C, Azura, and Other operations and the majority of the revenue comes from the B2B segment.

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