Ten Lifestyle Group (LSE:TENG) Long-Term Capital Lease Obligation : £1.09 Mil (As of Feb. 2024)

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What is Ten Lifestyle Group Long-Term Capital Lease Obligation?

Ten Lifestyle Group's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was £1.09 Mil.

Ten Lifestyle Group's quarterly Long-Term Capital Lease Obligation declined from Feb. 2023 (£0.44 Mil) to Aug. 2023 (£0.40 Mil) but then increased from Aug. 2023 (£0.40 Mil) to Feb. 2024 (£1.09 Mil).

Ten Lifestyle Group's annual Long-Term Capital Lease Obligation declined from Aug. 2021 (£1.68 Mil) to Aug. 2022 (£0.82 Mil) and declined from Aug. 2022 (£0.82 Mil) to Aug. 2023 (£0.40 Mil).

Ten Lifestyle Group Long-Term Capital Lease Obligation Historical Data

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

Ten Lifestyle Group Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

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2.67

1.68

0.82

0.40

Ten Lifestyle Group Semi-Annual Data
	Aug15	Aug16	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											1.36	0.82	0.44	0.40	1.09

Ten Lifestyle Group (LSE:TENG) 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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Ten Lifestyle Group (LSE:TENG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Ten Lifestyle Group PLC (LSE:TENG) » Definitions » Long-Term Capital Lease Obligation

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Address

355 Euston Road, 2nd Floor, Fitzroy House, London, GBR, NW1 3AL

Website

https://www.tenlifestylegroup.com

Ten Lifestyle Group PLC is a technology-enabled lifestyle and travel platform company. It assists its customers to discover, organize, and book travel, dining, and live entertainment to save time and money. The company's geographical segments include Europe, the Middle East and Africa (EMEA), North and South America (The Americas) and Asia-Pacific (APAC). It offers a range of product platforms such as Ten Digital Platforms Ten MAID (management and information delivery) and others. The company derives revenue mainly from service fees that are paid by its corporate clients, under contracts.

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