Cineworld Group (Cineworld Group) Long-Term Capital Lease Obligation : $3,318 Mil (As of Jun. 2022)

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What is Cineworld Group Long-Term Capital Lease Obligation?

Cineworld Group's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2022 was $3,318 Mil.

Cineworld Group's quarterly Long-Term Capital Lease Obligation increased from Jun. 2021 ($3,404 Mil) to Dec. 2021 ($3,492 Mil) but then declined from Dec. 2021 ($3,492 Mil) to Jun. 2022 ($3,318 Mil).

Cineworld Group's annual Long-Term Capital Lease Obligation declined from Dec. 2019 ($3,876 Mil) to Dec. 2020 ($3,375 Mil) but then increased from Dec. 2020 ($3,375 Mil) to Dec. 2021 ($3,492 Mil).

Cineworld Group Long-Term Capital Lease Obligation Historical Data

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

Cineworld Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

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19.80

83.00

3,875.90

3,375.10

3,492.30

Cineworld Group Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3,833.50	3,375.10	3,403.70	3,492.30	3,318.20

Cineworld Group (OTCPK:CNWGQ) 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.

Cineworld Group Long-Term Capital Lease Obligation Related Terms

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Cineworld Group (Cineworld Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Cineworld Group PLC (OTCPK:CNWGQ) » Definitions » Long-Term Capital Lease Obligation

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Address

Great West Road, 8th Floor, Vantage London, Brentford, GBR, TW8 9AG

Website

https://www.cineworldplc.com

Cineworld Group PLC is a diversified media company, which operates chains of movie theaters. Its business segments are the U.S., U.K., & Ireland and the rest of the world (ROW). Within each segment, it operates theaters through different brands. In the U.S., Cineworld owns cinema brands Regal, United Artists, and Edwards theaters. They operate out of Cineworld and Picturehouse in the U.K. and Ireland. Cineworld also owns Cinema City in Central and Eastern Europe and Yes Planet and Rav-Chen in Israel for its ROW segment. The company generates revenue through ticket sales and food, beverage, and merchandise sales. It also earns additional revenue through retail and screen advertising and property market and development. The company generates most of its revenue in the U.S.