Pennon Group (Pennon Group) Long-Term Capital Lease Obligation : $1,295 Mil (As of Sep. 2023)

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What is Pennon Group Long-Term Capital Lease Obligation?

Pennon Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1,295 Mil.

Pennon Group's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 ($1,172 Mil) to Mar. 2023 ($1,253 Mil) and increased from Mar. 2023 ($1,253 Mil) to Sep. 2023 ($1,295 Mil).

Pennon Group's annual Long-Term Capital Lease Obligation declined from Mar. 2021 ($1,929 Mil) to Mar. 2022 ($1,373 Mil) and declined from Mar. 2022 ($1,373 Mil) to Mar. 2023 ($1,253 Mil).

Pennon Group Long-Term Capital Lease Obligation Historical Data

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

Pennon Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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1,972.07

1,756.56

1,929.27

1,372.60

1,253.28

Pennon 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															1,860.17	1,372.60	1,171.80	1,253.28	1,295.42

Pennon Group (OTCPK:PEGRY) 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.

Pennon Group Long-Term Capital Lease Obligation Related Terms

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Pennon Group (Pennon Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Pennon Group PLC (OTCPK:PEGRY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

PEGRF:USA PNNl:UK PNN:UK 3PN:Germany

Address

Peninsula House, Rydon Lane, Exeter, Devon, GBR, EX2 7HR

Website

https://www.pennon-group.co.uk

Pennon Group PLC is a British water and environmental utility infrastructure company that operates mainly in the United Kingdom. It has smaller operations in the European Union, China, and other countries. The company operates through Water, Non-household retail and other segments. The water business comprises the regulated water and wastewater services undertaken by South West Water. The non-household retail business comprises the services provided by Pennon Water Services in the non-household water and wastewater retail market. Majority of revenue is derived from the water division.

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