Ocado Group (STU:0OC) Long-Term Capital Lease Obligation : €511 Mil (As of Nov. 2023)

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What is Ocado Group Long-Term Capital Lease Obligation?

Ocado Group's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was €511 Mil.

Ocado Group's quarterly Long-Term Capital Lease Obligation declined from Nov. 2022 (€545 Mil) to May. 2023 (€524 Mil) and declined from May. 2023 (€524 Mil) to Nov. 2023 (€511 Mil).

Ocado Group's annual Long-Term Capital Lease Obligation increased from Nov. 2020 (€401 Mil) to Nov. 2021 (€563 Mil) but then declined from Nov. 2021 (€563 Mil) to Nov. 2022 (€545 Mil).

Ocado Group Long-Term Capital Lease Obligation Historical Data

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

Ocado Group Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Long-Term Capital Lease Obligation

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106.05

394.66

401.46

562.86

544.78

Ocado Group Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															562.86	546.54	544.78	524.43	511.30

Ocado Group (STU:0OC) 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.

Ocado Group Long-Term Capital Lease Obligation Related Terms

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Ocado Group (STU:0OC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ocado Group PLC (STU:0OC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

OCDGF:USA OCDDY:USA OCDO:Mexico OCDOl:UK OCDO:UK 0OC:Germany

Address

Mosquito Way, Buildings One and Two Trident Place, Hatfield Business Park, Hatfield, Hertfordshire, GBR, AL10 9UL

Website

https://www.ocadogroup.com

Ocado, one of the largest pure online grocers in the world, operates in two divisions. Ocado Retail is the group's online grocery business in the United Kingdom (joint venture with Marks & Spencer); it offers an extensive product range of over 55,000 items via its Ocado.com website and holds more than 15% of the U.K. online grocery market and approximately 2% of the total U.K. grocery market. Ocado Solutions is built on the Ocado Smart Platform, a modular, automated online retail fulfilment and delivery solution that involves the provision of software, fulfilment infrastructure, and support services to corporate clients for a variety of one-time and ongoing costs. OSP has allowed the company to work with some of the world's largest grocers, including Ocado's retail operation.

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