Compass Group (Compass Group) Long-Term Capital Lease Obligation : $929 Mil (As of Sep. 2023)

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What is Compass Group Long-Term Capital Lease Obligation?

Compass Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $929 Mil.

Compass Group's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 ($814 Mil) to Mar. 2023 ($859 Mil) and increased from Mar. 2023 ($859 Mil) to Sep. 2023 ($929 Mil).

Compass Group's annual Long-Term Capital Lease Obligation declined from Sep. 2021 ($913 Mil) to Sep. 2022 ($814 Mil) but then increased from Sep. 2022 ($814 Mil) to Sep. 2023 ($929 Mil).

Compass Group Long-Term Capital Lease Obligation Historical Data

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

Compass Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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1.24

965.03

913.46

814.27

929.46

Compass Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															913.46	853.76	814.27	859.22	929.46

Compass Group (OTCPK:CMPGY) 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.

Compass Group Long-Term Capital Lease Obligation Related Terms

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Compass Group (Compass Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Compass Group PLC (OTCPK:CMPGY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CMPGF:USA CPG:Mexico CPGl:UK CPG:UK XGR2:Germany XGR2:Germany XGR2:Germany

Address

Guildford Street, Compass House, Chertsey, Surrey, GBR, KT16 9BQ

Website

https://www.compass-group.com

Compass Group is the largest food-service company globally, operating in more than 50 countries with annual sales of more than GBP 25 billion. Compass Group's model stems from operating on-premises catering facilities, rather than centralised industrial kitchens. Food service is Compass' core focus and contributes more than 80% of revenue. In addition, the company provides support services to clients through activities including cleaning services, office services (for example, concierge services), grounds maintenance, and so on.

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