Halfords Group (LSE:HFD) Long-Term Capital Lease Obligation : £253 Mil (As of Sep. 2023)

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What is Halfords Group Long-Term Capital Lease Obligation?

Halfords Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was £253 Mil.

Halfords Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (£293 Mil) to Mar. 2023 (£269 Mil) and declined from Mar. 2023 (£269 Mil) to Sep. 2023 (£253 Mil).

Halfords Group's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (£281 Mil) to Mar. 2022 (£317 Mil) but then declined from Mar. 2022 (£317 Mil) to Mar. 2023 (£269 Mil).

Halfords Group Long-Term Capital Lease Obligation Historical Data

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

Halfords Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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9.30

332.80

280.90

316.50

269.30

Halfords Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															268.40	316.50	293.10	269.30	253.40

Halfords Group (LSE:HFD) 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.

Halfords Group Long-Term Capital Lease Obligation Related Terms

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Halfords Group (LSE:HFD) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Halfords Group PLC (LSE:HFD) » Definitions » Long-Term Capital Lease Obligation

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HLFDY:USA HLFDF:USA HFDl:UK

Address

Icknield Street Drive, Washford West, Redditch, Worcestershire, GBR, B98 0DE

Website

https://www.halfordscompany.com

Halfords Group PLC is a British retailer of automotive and cycling products. The company also provides repair services. The company operates retail stores and auto centers in the United Kingdom and Ireland, and it participates in online retail as well. The business is divided into two segments: retail and auto centers. The retail segment operates retail outlets for its automotive, leisure, and cycling products. The auto centers segment operates centers for car servicing and repair in the U.K. Halfords' key cycling brands include Apollo, Carrera, and Boardman, but the company offers third-party bike brands as well.

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