Begbies Traynor Group (LSE:BEG) Long-Term Capital Lease Obligation : £8.2 Mil (As of Oct. 2023)

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What is Begbies Traynor Group Long-Term Capital Lease Obligation?

Begbies Traynor Group's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was £8.2 Mil.

Begbies Traynor Group's quarterly Long-Term Capital Lease Obligation increased from Oct. 2022 (£5.0 Mil) to Apr. 2023 (£6.7 Mil) and increased from Apr. 2023 (£6.7 Mil) to Oct. 2023 (£8.2 Mil).

Begbies Traynor Group's annual Long-Term Capital Lease Obligation declined from Apr. 2021 (£5.8 Mil) to Apr. 2022 (£4.6 Mil) but then increased from Apr. 2022 (£4.6 Mil) to Apr. 2023 (£6.7 Mil).

Begbies Traynor Group Long-Term Capital Lease Obligation Historical Data

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

Begbies Traynor Group Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Long-Term Capital Lease Obligation

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6.67

6.14

5.85

4.60

6.66

Begbies Traynor Group Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															4.58	4.60	4.96	6.66	8.24

Begbies Traynor Group (LSE:BEG) 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.

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Begbies Traynor Group (LSE:BEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Begbies Traynor Group PLC (LSE:BEG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

BEG.GB:UK

Address

340 Deansgate, Manchester, GBR, M3 4LY

Website

https://www.begbies-traynorgroup.com

Begbies Traynor Group PLC is a professional services consultancy. It provides insolvency, restructuring and consultancy services to businesses, professional advisors, and financial institutions. It provides professional services, such as business rescue options, advisory options, forensic accounting and investigations, corporate and commercial finance, personal insolvency solutions and services to banking, legal, and accounting sectors. The company is managed as two operating segments: insolvency and advisory services, and property advisory and transactional services. The group generates the majority of its revenue from insolvency and advisory services. The group's principal operations and markets are in the UK.

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