HSS Hire Group (LSE:HSS) Long-Term Capital Lease Obligation : £52.8 Mil (As of Dec. 2023)

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What is HSS Hire Group Long-Term Capital Lease Obligation?

HSS Hire Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £52.8 Mil.

HSS Hire Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (£53.1 Mil) to Jun. 2023 (£56.6 Mil) but then declined from Jun. 2023 (£56.6 Mil) to Dec. 2023 (£52.8 Mil).

HSS Hire Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (£57.3 Mil) to Dec. 2022 (£53.1 Mil) and declined from Dec. 2022 (£53.1 Mil) to Dec. 2023 (£52.8 Mil).

HSS Hire Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for HSS Hire 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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HSS Hire Group Long-Term Capital Lease Obligation Chart

HSS Hire Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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11.23

66.18

57.26

53.09

52.75

HSS Hire Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															57.26	53.60	53.09	56.64	52.75

HSS Hire Group (LSE:HSS) 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.

HSS Hire Group Long-Term Capital Lease Obligation Related Terms

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HSS Hire Group (LSE:HSS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » HSS Hire Group PLC (LSE:HSS) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Mosley Road, Building 2, Think Park, Manchester, GBR, M17 1FQ76

Website

https://www.hsshiregroup.com

HSS Hire Group PLC operates in the United Kingdom based rental and leasing industry and is a leader in the equipment hire market. The company's business focuses on supplying equipment and services to the fit-out, maintain and operate sectors of the market. Its operations are segmented into the following reportable segments: Rental and related revenue; and Services. Rental and related revenue comprise the rental income earned from owned tools and equipment including powered access, power generation. Services comprise the group's rehire business known as HSS OneCall and HSS Training. Its portfolio of brands includes HSS hire, HSS One Call, HSS Training, and ABird Power Solutions.

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