TI Fluid Systems (LSE:TIFS) Long-Term Capital Lease Obligation : £93 Mil (As of Dec. 2023)

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What is TI Fluid Systems Long-Term Capital Lease Obligation?

TI Fluid Systems's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £93 Mil.

TI Fluid Systems's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (£106 Mil) to Jun. 2023 (£96 Mil) and declined from Jun. 2023 (£96 Mil) to Dec. 2023 (£93 Mil).

TI Fluid Systems's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (£102 Mil) to Dec. 2022 (£106 Mil) but then declined from Dec. 2022 (£106 Mil) to Dec. 2023 (£93 Mil).

TI Fluid Systems Long-Term Capital Lease Obligation Historical Data

The historical data trend for TI Fluid Systems'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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TI Fluid Systems Long-Term Capital Lease Obligation Chart

TI Fluid Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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116.99

110.79

101.80

105.67

92.70

TI Fluid Systems Semi-Annual Data
	Dec14	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											101.80	98.88	105.67	95.93	92.70

TI Fluid Systems (LSE:TIFS) 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.

TI Fluid Systems Long-Term Capital Lease Obligation Related Terms

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TI Fluid Systems (LSE:TIFS) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » TI Fluid Systems PLC (LSE:TIFS) » Definitions » Long-Term Capital Lease Obligation

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TIFSl:UK TI1:Germany

Address

4650 Kingsgate, Cascade Way, Oxford Business Park South, Oxford, Oxfordshire, GBR, OX4 2SU

Website

https://www.tifluidsystems.com

TI Fluid Systems PLC is engaged in providing automotive fluid storage, carrying, and delivery systems for the light-duty automotive market. The operating segments of the company are fluid-carrying systems and fuel tank & delivery systems. The fluid-carrying systems include brake and fuel lines and bundles, tank top lines, vacuum booster lines, quick connectors, air conditioning tubes, and hose assemblies, accumulators and receiver dryers, and thermal products and powertrain components. The fuel tank and delivery systems include fuel tanks, fuel pumps, level sensors, and additive dosing systems. Its geographical segments are Europe & Africa, Asia Pacific, North America, and Latin America.

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