NCC Group (LSE:NCC) Long-Term Capital Lease Obligation : £27.8 Mil (As of Nov. 2023)

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What is NCC Group Long-Term Capital Lease Obligation?

NCC Group's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was £27.8 Mil.

NCC Group's quarterly Long-Term Capital Lease Obligation declined from Nov. 2022 (£24.8 Mil) to May. 2023 (£24.0 Mil) but then increased from May. 2023 (£24.0 Mil) to Nov. 2023 (£27.8 Mil).

NCC Group's annual Long-Term Capital Lease Obligation declined from May. 2021 (£29.3 Mil) to May. 2022 (£27.2 Mil) and declined from May. 2022 (£27.2 Mil) to May. 2023 (£24.0 Mil).

NCC Group Long-Term Capital Lease Obligation Historical Data

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

NCC Group Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Long-Term Capital Lease Obligation

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30.50

32.90

29.30

27.20

24.00

NCC Group 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															26.90	27.20	24.80	24.00	27.80

NCC Group (LSE:NCC) 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.

NCC Group Long-Term Capital Lease Obligation Related Terms

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NCC Group (LSE:NCC) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » NCC Group PLC (LSE:NCC) » Definitions » Long-Term Capital Lease Obligation

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NCCl:UK NZB:Germany

Address

2 Hardman Boulevard, XYZ Building, Spinningfields, Manchester, GBR, M3 3AQ

Website

https://www.nccgroup.com

NCC Group PLC is a U.K.-based provider of information assurance software solutions to the transportation, finance, retail, Internet of Things, and oil and gas end markets. The firm's operations are organized in below divisions: Assurance, which offers security and risks consulting services; group escrow, which offers software escrow services with a third-party agent; and domain services, which maintains and publishes trust security standards. Roughly half of the firm's revenue is generated in the United Kingdom, with the rest coming from Europe and the rest of the world.

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