Mattioli Woods (LSE:MTW) Long-Term Capital Lease Obligation : £3.0 Mil (As of Nov. 2023)

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What is Mattioli Woods Long-Term Capital Lease Obligation?

Mattioli Woods's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was £3.0 Mil.

Mattioli Woods's quarterly Long-Term Capital Lease Obligation declined from Nov. 2022 (£2.7 Mil) to May. 2023 (£2.6 Mil) but then increased from May. 2023 (£2.6 Mil) to Nov. 2023 (£3.0 Mil).

Mattioli Woods's annual Long-Term Capital Lease Obligation increased from May. 2021 (£1.7 Mil) to May. 2022 (£2.8 Mil) but then declined from May. 2022 (£2.8 Mil) to May. 2023 (£2.6 Mil).

Mattioli Woods Long-Term Capital Lease Obligation Historical Data

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

Mattioli Woods Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Long-Term Capital Lease Obligation

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1.94

1.68

2.77

2.60

Mattioli Woods Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.22	2.77	2.66	2.60	2.98

Mattioli Woods (LSE:MTW) 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.

Mattioli Woods Long-Term Capital Lease Obligation Related Terms

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Mattioli Woods (LSE:MTW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mattioli Woods PLC (LSE:MTW) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 New Walk Place, Leicester, GBR, LE1 6RU

Website

https://www.mattioliwoods.com

Mattioli Woods PLC is a UK-based company that is engaged in providing wealth management and employee benefit services. The company's operating segments include Pension consultancy and administration; Investment and asset management; Property management; and Employee benefits. It generates maximum revenue from the Investment and asset management segment. Investment and asset management income generated is from the management and placing of investments on behalf of clients.