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Pod Point Group Holdings (LSE:PODP) Long-Term Capital Lease Obligation : £1.41 Mil (As of Dec. 2023)


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What is Pod Point Group Holdings Long-Term Capital Lease Obligation?

Pod Point Group Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £1.41 Mil.

Pod Point Group Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (£1.52 Mil) to Jun. 2023 (£1.70 Mil) but then declined from Jun. 2023 (£1.70 Mil) to Dec. 2023 (£1.41 Mil).

Pod Point Group Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (£0.76 Mil) to Dec. 2022 (£1.52 Mil) but then declined from Dec. 2022 (£1.52 Mil) to Dec. 2023 (£1.41 Mil).


Pod Point Group Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pod Point Group Holdings'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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Pod Point Group Holdings Long-Term Capital Lease Obligation Chart

Pod Point Group Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial 0.88 0.70 0.76 1.52 1.41

Pod Point Group Holdings Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.76 1.68 1.52 1.70 1.41

Pod Point Group Holdings  (LSE:PODP) 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.

Pod Point Group Holdings Long-Term Capital Lease Obligation Related Terms

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Pod Point Group Holdings (LSE:PODP) Business Description

Traded in Other Exchanges
Address
28-42 Banner Street, London, GBR, EC1Y 8QE
Pod Point Group Holdings PLC is a provider of EV charging solutions with a simple vision: travel should not damage the earth. It has built market capabilities across all four routes to market in the EV charging ecosystem: home, workplace, destination, and en route. It has developed an effective and agile infrastructure to support the design, outsourced manufacture, and installation of charge points and associated systems. It has four operating segments: Home, Commercial, Owned Assets, and Recurring. The majority of its revenue comes from the Home segment.

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