Record (LSE:REC) Long-Term Capital Lease Obligation : £0.32 Mil (As of Sep. 2024)

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What is Record Long-Term Capital Lease Obligation?

Record's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was £0.32 Mil.

Record's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (£0.55 Mil) to Mar. 2024 (£0.08 Mil) but then increased from Mar. 2024 (£0.08 Mil) to Sep. 2024 (£0.32 Mil).

Record's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (£0.96 Mil) to Mar. 2023 (£0.69 Mil) and declined from Mar. 2023 (£0.69 Mil) to Mar. 2024 (£0.08 Mil).

Record Long-Term Capital Lease Obligation Historical Data

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

Record Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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0.62

0.10

0.96

0.69

0.08

Record Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.84	0.69	0.55	0.08	0.32

Record (LSE:REC) 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.

Record Long-Term Capital Lease Obligation Related Terms

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Record Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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Address

Madeira Walk, Morgan House, Windsor, Berkshire, GBR, SL4 1EP

Website

https://www.recordfg.com

Record PLC is a United Kingdom-based company currency and asset management firm. The company provides services to clients such as pension funds, charities, foundations, endowments, family offices, and other fund managers and corporate entities. Geographically, it derives a majority of its revenue from the United States and also has a presence in the United Kingdom, Switzerland, Europe (excluding UK and Switzerland), and other countries. Revenue comprises mainly management fees and performance fees. Its reportable segments are Currency Management and Asset Management. The maximum revenue is derived from the currency management segment which comprises bespoke solutions for clients including Passive Hedging, Dynamic Hedging, Hedging for Asset Managers, and FX Alpha products.