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Shawbrook Group (LSE:SHAA) Long-Term Capital Lease Obligation : £0.00 Mil (As of Dec. 2016)


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What is Shawbrook Group Long-Term Capital Lease Obligation?

Shawbrook Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2016 was £0.00 Mil.


Shawbrook Group Long-Term Capital Lease Obligation Historical Data

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

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Shawbrook Group Semi-Annual Data
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Shawbrook Group  (LSE:SHAA) 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.

Shawbrook Group Long-Term Capital Lease Obligation Related Terms

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Shawbrook Group (LSE:SHAA) Business Description

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Shawbrook Group PLC is a specialist savings and lending bank operating in the United Kingdom. It focuses mostly on poorly served customer segments across the small to medium-size enterprise and retail market of the island nation. Shawbrook's primary markets include property, business, and consumer finance. The company has grown since its founding through mostly acquisitions. Net operating income mostly derives from asset finance, commercial mortgages, and secured lending. Shawbrook emphasizes customer service, reputation, and efficiency in evaluating its strategy implementation.

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