Hostmore (LSE:MORE) Long-Term Capital Lease Obligation : £124.4 Mil (As of Dec. 2023)

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What is Hostmore Long-Term Capital Lease Obligation?

Hostmore's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £124.4 Mil.

Hostmore's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (£135.2 Mil) to Jun. 2023 (£131.8 Mil) and declined from Jun. 2023 (£131.8 Mil) to Dec. 2023 (£124.4 Mil).

Hostmore's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (£132.0 Mil) to Dec. 2022 (£135.2 Mil) but then declined from Dec. 2022 (£135.2 Mil) to Dec. 2023 (£124.4 Mil).

Hostmore Long-Term Capital Lease Obligation Historical Data

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

Hostmore Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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144.78

133.77

131.98

135.21

124.44

Hostmore Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					131.98	135.99	135.21	131.82	124.44

Hostmore (LSE:MORE) 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.

Hostmore Long-Term Capital Lease Obligation Related Terms

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Hostmore (LSE:MORE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Hostmore PLC (LSE:MORE) » Definitions » Long-Term Capital Lease Obligation

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Address

Yeoman Way, Highdown House, Worthing, West Sussex, GBR, BN99 3HH

Website

https://www.hostmoregroup.com

Hostmore PLC is engaged in the hospitality business with its current operations focused on the American-themed casual dining brand, Fridays, and the cocktail-led bar and restaurant brand, 63rd+1st. Fridays brand offers authentic American food, an innovative cocktail list, and a high level of personal service. 63rd+1st brand offers a wide range of premium cocktails, spirits, beers, and wine.

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