Kier Group (LSE:KIE) Long-Term Capital Lease Obligation : £139 Mil (As of Dec. 2023)

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What is Kier Group Long-Term Capital Lease Obligation?

Kier Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £139 Mil.

Kier Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (£158 Mil) to Jun. 2023 (£146 Mil) and declined from Jun. 2023 (£146 Mil) to Dec. 2023 (£139 Mil).

Kier Group's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (£136 Mil) to Jun. 2022 (£132 Mil) but then increased from Jun. 2022 (£132 Mil) to Jun. 2023 (£146 Mil).

Kier Group Long-Term Capital Lease Obligation Historical Data

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

Kier Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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2.00

139.80

136.40

131.70

146.40

Kier 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															137.80	131.70	158.20	146.40	138.60

Kier Group (LSE:KIE) 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.

Kier Group Long-Term Capital Lease Obligation Related Terms

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Kier Group (LSE:KIE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kier Group PLC (LSE:KIE) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

KIEl:UK 10I:Germany

Address

Optimum House, 2nd Floor, Clippers Quay, Salford, GBR, M50 3XP

Website

http://www.kier.co.uk

Kier Group PLC is a construction, services, and property company that builds and maintains projects for various sectors. Its design and engineering capabilities meet the specifications for public and private customers. The construction segment works in both the public and private sectors through local bases and offers national coverage for its clients. The infrastructure services segment is focused on four main markets: highways, utilities, infrastructure, and rail. The property segment, which invests and develops schemes and sites across the United Kingdom and the last segment is corporate segment. Kier plans to divest from this segment to free up capital for the other segments. The U.K. accounts majority of its revenue, with the rest split among the Americas, Middle East, and Far East.