Morses Club (Morses Club) Long-Term Capital Lease Obligation : $0.0 Mil (As of Aug. 2022)

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What is Morses Club Long-Term Capital Lease Obligation?

Morses Club's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2022 was $0.0 Mil.

Morses Club Long-Term Capital Lease Obligation Historical Data

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

Morses Club Annual Data

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Long-Term Capital Lease Obligation

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Morses Club Semi-Annual Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												-	-	-	-	-

Morses Club (OTCPK:MCLBF) 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.

Morses Club Long-Term Capital Lease Obligation Related Terms

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Morses Club (Morses Club) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Morses Club PLC (OTCPK:MCLBF) » Definitions » Long-Term Capital Lease Obligation

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Address

1 Colliers Way, Building 1, The Phoenix Centre, Nottingham, GBR, NG8 6AT

Website

https://www.morsesclubplc.com

Morses Club PLC is a consumer finance company. It provides a range of loan products through a combination of traditional and online marketing channels. The group's segments comprise Home Collected Credit and Digital. The company offers small cash loans between and operates through a network of branches throughout the UK.

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