Vertu Motors (STU:V2N) Long-Term Capital Lease Obligation : €76 Mil (As of Feb. 2024)

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What is Vertu Motors Long-Term Capital Lease Obligation?

Vertu Motors's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was €76 Mil.

Vertu Motors's quarterly Long-Term Capital Lease Obligation increased from Feb. 2023 (€78 Mil) to Aug. 2023 (€87 Mil) but then declined from Aug. 2023 (€87 Mil) to Feb. 2024 (€76 Mil).

Vertu Motors's annual Long-Term Capital Lease Obligation declined from Feb. 2022 (€89 Mil) to Feb. 2023 (€78 Mil) and declined from Feb. 2023 (€78 Mil) to Feb. 2024 (€76 Mil).

Vertu Motors Long-Term Capital Lease Obligation Historical Data

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

Vertu Motors Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Long-Term Capital Lease Obligation

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98.38

88.29

89.05

77.79

76.33

Vertu Motors Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															89.05	83.56	77.79	87.50	76.33

Vertu Motors (STU:V2N) 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.

Vertu Motors Long-Term Capital Lease Obligation Related Terms

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Vertu Motors (STU:V2N) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vertu Motors PLC (STU:V2N) » Definitions » Long-Term Capital Lease Obligation

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VTMTF:USA VTU.GB:UK VTU:UK

Address

Vertu House, 5th Avenue Business Park, Team Valley, Gateshead, Tyne and Wear, GBR, NE11 0XA

Website

https://www.vertumotors.com

Vertu Motors PLC is an automotive retailer in the United Kingdom. The business activity of the group includes selling new cars, motorcycles, commercial vehicles, and used vehicles, together with after-sale services. It operates through various franchise dealerships, such as Volkswagen, Land Rover, Audi, Mercedes-Benz, Jaguar, Kia, Toyota, and many others. The company generates maximum revenue from Used cars.

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