Springfield Properties (LSE:SPR) Long-Term Capital Lease Obligation : £3.5 Mil (As of Nov. 2023)

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What is Springfield Properties Long-Term Capital Lease Obligation?

Springfield Properties's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was £3.5 Mil.

Springfield Properties's quarterly Long-Term Capital Lease Obligation declined from Nov. 2022 (£4.1 Mil) to May. 2023 (£4.0 Mil) and declined from May. 2023 (£4.0 Mil) to Nov. 2023 (£3.5 Mil).

Springfield Properties's annual Long-Term Capital Lease Obligation increased from May. 2021 (£1.9 Mil) to May. 2022 (£2.7 Mil) and increased from May. 2022 (£2.7 Mil) to May. 2023 (£4.0 Mil).

Springfield Properties Long-Term Capital Lease Obligation Historical Data

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

Springfield Properties Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

Long-Term Capital Lease Obligation

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0.62

2.26

1.85

2.67

4.02

Springfield Properties Semi-Annual Data
	May15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												2.32	2.67	4.15	4.02	3.49

Springfield Properties (LSE:SPR) 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.

Springfield Properties Long-Term Capital Lease Obligation Related Terms

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Springfield Properties (LSE:SPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Springfield Properties PLC (LSE:SPR) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

9MZ:Germany

Address

8 Southfield Drive, Alexander Fleming House, Elgin, Morayshire, GBR, IV30 6GR

Website

https://www.thespringfieldgroup.co.uk

Springfield Properties PLC is a housebuilder focused on developing a mix of private and affordable housing in Scotland. The group primarily focuses on sourcing land for private housing in areas with high growth potential and progressing those developments through the planning process. It has one segment that is Housing building activity in the United Kingdom. It earns revenue from private residential properties, affordable housing, contact housing and others.