Paragon Banking Group (LSE:PAG) Long-Term Capital Lease Obligation : £0.0 Mil (As of Sep. 2023)

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What is Paragon Banking Group Long-Term Capital Lease Obligation?

Paragon Banking Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.0 Mil.

Paragon Banking Group Long-Term Capital Lease Obligation Historical Data

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

Paragon Banking Group Annual Data

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Long-Term Capital Lease Obligation

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Paragon Banking Group Semi-Annual Data
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Paragon Banking Group (LSE:PAG) 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.

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Paragon Banking Group (LSE:PAG) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Paragon Banking Group PLC (LSE:PAG) » Definitions » Long-Term Capital Lease Obligation

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PAGl:UK

Address

51 Homer Road, Solihull, West Midlands, GBR, B91 3QJ

Website

https://www.paragonbankinggroup.co.uk

Paragon Banking Group PLC, is a specialty finance company that provides diversified banking services to clients. The company operates two core businesses: Mortgages Lending and Commercial Lending. The Mortgages Lending includes the Group's buy-to-let, and owner-occupied first and second charge lending and related activities. Commercial Lending, includes the Group's equipment and motor finance leasing activities, together with development finance, structured lending and other offerings targeted towards SME customers.