Watkin Jones (LSE:WJG) Long-Term Capital Lease Obligation : £38.4 Mil (As of Mar. 2024)

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What is Watkin Jones Long-Term Capital Lease Obligation?

Watkin Jones's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was £38.4 Mil.

Watkin Jones's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (£40.7 Mil) to Sep. 2023 (£37.6 Mil) but then increased from Sep. 2023 (£37.6 Mil) to Mar. 2024 (£38.4 Mil).

Watkin Jones's annual Long-Term Capital Lease Obligation declined from Sep. 2021 (£123.1 Mil) to Sep. 2022 (£42.9 Mil) and declined from Sep. 2022 (£42.9 Mil) to Sep. 2023 (£37.6 Mil).

Watkin Jones Long-Term Capital Lease Obligation Historical Data

The historical data trend for Watkin Jones'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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Watkin Jones Long-Term Capital Lease Obligation Chart

Watkin Jones Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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131.33

128.14

123.14

42.85

37.63

Watkin Jones Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															119.42	42.85	40.69	37.63	38.37

Watkin Jones (LSE:WJG) 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.

Watkin Jones Long-Term Capital Lease Obligation Related Terms

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Watkin Jones (LSE:WJG) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Watkin Jones PLC (LSE:WJG) » Definitions » Long-Term Capital Lease Obligation

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0W0:Germany

Address

7-9 Swallow Street, London, GBR, W1B 4DE

Website

https://www.watkinjonesplc.com

Watkin Jones PLC is a developer and constructor of multi-occupancy property assets, with a focus on the student accommodation sector. Its service includes site identification and procurement, planning consent, construction delivery, and asset management. The company's operating segments include Student accommodation, Build to Rent, Affordable Homes, and Accommodation management. The majority of its revenue is derived from the Student accommodation and build-to-rent segments.

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