Zigup (LSE:ZIG) Long-Term Capital Lease Obligation : £113 Mil (As of Apr. 2024)

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What is Zigup Long-Term Capital Lease Obligation?

Zigup's Long-Term Capital Lease Obligation for the quarter that ended in Apr. 2024 was £113 Mil.

Zigup's quarterly Long-Term Capital Lease Obligation increased from Apr. 2023 (£107 Mil) to Oct. 2023 (£119 Mil) but then declined from Oct. 2023 (£119 Mil) to Apr. 2024 (£113 Mil).

Zigup's annual Long-Term Capital Lease Obligation declined from Apr. 2022 (£112 Mil) to Apr. 2023 (£107 Mil) but then increased from Apr. 2023 (£107 Mil) to Apr. 2024 (£113 Mil).

Zigup Long-Term Capital Lease Obligation Historical Data

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

Zigup Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Long-Term Capital Lease Obligation

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70.26

96.09

111.76

107.27

113.08

Zigup Semi-Annual Data
	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															111.76	103.19	107.27	119.27	113.08

Zigup (LSE:ZIG) 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.

Zigup Long-Term Capital Lease Obligation Related Terms

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Zigup Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Zigup PLC (LSE:ZIG) » Definitions » Long-Term Capital Lease Obligation

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ZIGl:UK 21W:Germany

Address

Lingfield Way, Northgate Centre, Darlington, GBR, DL1 4PZ

Website

https://www.reddenorthgate.com

Redde Northgate PLC provides integrated mobility solutions to businesses and personal customers. These solutions comprise vehicle rental services, accident and incident management services, repair & maintenance services, vehicle disposal and other ancillary services to keep customers mobile. It is engaged in the group functions through the following segments: the Northgate UK&I, Northgate Spain, and Redde. The company generates maximum revenue from the Northgate UK&I segment. Geographically, the business presence of the firm is seen across the region of the UK, Spain, and the Republic of Ireland.