Safestore Holdings (LSE:SAFE) Long-Term Capital Lease Obligation : £88.3 Mil (As of Oct. 2023)

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What is Safestore Holdings Long-Term Capital Lease Obligation?

Safestore Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was £88.3 Mil.

Safestore Holdings's quarterly Long-Term Capital Lease Obligation increased from Oct. 2022 (£82.2 Mil) to Apr. 2023 (£84.4 Mil) and increased from Apr. 2023 (£84.4 Mil) to Oct. 2023 (£88.3 Mil).

Safestore Holdings's annual Long-Term Capital Lease Obligation increased from Oct. 2021 (£70.0 Mil) to Oct. 2022 (£82.2 Mil) and increased from Oct. 2022 (£82.2 Mil) to Oct. 2023 (£88.3 Mil).

Safestore Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Safestore 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.

* Premium members only.

Safestore Holdings Long-Term Capital Lease Obligation Chart

Safestore Holdings Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Long-Term Capital Lease Obligation

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53.80

64.90

70.00

82.20

88.30

Safestore Holdings Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															70.00	70.30	82.20	84.40	88.30

Safestore Holdings (LSE:SAFE) 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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Safestore Holdings (LSE:SAFE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Safestore Holdings PLC (LSE:SAFE) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SFSHF:USA SAFEl:UK IHF:Germany

Address

Brittanic House, Stirling Way, Borehamwood, Hertfordshire, GBR, WD6 2BT

Website

https://www.safestore.co.uk

Safestore Holdings PLC is a real estate investment trust that owns and leases storage space located in Paris and the United Kingdom. The company focuses on the acquisition and operation of storage locations in wealthy, densely populated areas in Europe. Safestore's properties in the United Kingdom comprise the vast majority of its total holdings. The company derives the majority of its revenue from the rental of its self-storage lockers and the remaining from the sale of insurance and packaging materials. Southeast England and London account for the majority of Safestore's income. Total occupancy is split fairly evenly between individuals and businesses ranging from online retailers to large, multinational companies.