Spirit Pub Co (LSE:SPRT) Long-Term Capital Lease Obligation : £0.0 Mil (As of Feb. 2015)

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What is Spirit Pub Co Long-Term Capital Lease Obligation?

Spirit Pub Co's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2015 was £0.0 Mil.

Spirit Pub Co's quarterly Long-Term Capital Lease Obligation increased from Feb. 2014 (£9.3 Mil) to Aug. 2014 (£10.4 Mil) but then declined from Aug. 2014 (£10.4 Mil) to Feb. 2015 (£0.0 Mil).

Spirit Pub Co's annual Long-Term Capital Lease Obligation stayed the same from Aug. 2012 (£9.3 Mil) to Aug. 2013 (£9.3 Mil) but then increased from Aug. 2013 (£9.3 Mil) to Aug. 2014 (£10.4 Mil).

Spirit Pub Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Spirit Pub Co'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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Spirit Pub Co Long-Term Capital Lease Obligation Chart

Spirit Pub Co Annual Data

Trend

Aug08

Aug09

Aug10

Aug11

Aug12

Aug13

Aug14

Long-Term Capital Lease Obligation

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9.40

9.30

10.40

Spirit Pub Co Semi-Annual Data
	Aug08	Aug09	Aug10	Feb11	Aug11	Feb12	Aug12	Feb13	Aug13	Feb14	Aug14	Feb15
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							-	9.30	9.30	10.40	-

Spirit Pub Co (LSE:SPRT) 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.

Spirit Pub Co Long-Term Capital Lease Obligation Related Terms

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Spirit Pub Co (LSE:SPRT) Business Description

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Address

Website

http://www.spiritpubcompany.com

Spirit Pub Co PLC was incorporated in England. The Company's trading activities are divided into two divisions; namely a Managed division and a Leased division. The Managed division involves pubs that are directly managed by the Group, and a Leased division which involves the granting of leases to licensees who run the pub as their own business, paying rent to the Group, purchasing beer and other drinks from the Group and entering into profit sharing arrangements for income from leisure machines. The Company holds 794 Managed pubs and 433 Leased pubs. The group operates solely in the United Kingdom.