ProCook Group (LSE:PROC) Long-Term Capital Lease Obligation : £19.28 Mil (As of Sep. 2024)

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What is ProCook Group Long-Term Capital Lease Obligation?

ProCook Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was £19.28 Mil.

ProCook Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (£26.27 Mil) to Mar. 2024 (£19.30 Mil) and declined from Mar. 2024 (£19.30 Mil) to Sep. 2024 (£19.28 Mil).

ProCook Group's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (£19.61 Mil) to Mar. 2023 (£26.43 Mil) but then declined from Mar. 2023 (£26.43 Mil) to Mar. 2024 (£19.30 Mil).

ProCook Group Long-Term Capital Lease Obligation Historical Data

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

ProCook Group Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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8.33

16.67

19.61

26.43

19.30

ProCook Group Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							30.50	26.43	26.27	19.30	19.28

ProCook Group (LSE:PROC) 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.

ProCook Group Long-Term Capital Lease Obligation Related Terms

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ProCook Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » ProCook Group PLC (LSE:PROC) » Definitions » Long-Term Capital Lease Obligation

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Address

10 Street Modwen Park, Gloucester, GBR, GL10 3EZ

Website

https://www.procookgroup.co.uk

ProCook Group PLC is the UK's direct-to-consumer specialist Kitchenware brand. It is engaged in the designing, sourcing, and retailing of high-quality ranges of cookware, kitchen accessories, and tableware. Its kitchenware ranges offer a choice of over 1,600 cookware, kitchen accessories, and tableware items, all priced to appeal to a broad spectrum of customers across mid to premium price points. The Group has two operating segments, E-commerce and Retail, and the majority of its revenue generates from the retail business.

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