Card Factory (LSE:CARD) Long-Term Capital Lease Obligation : £75.5 Mil (As of Jan. 2024)

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What is Card Factory Long-Term Capital Lease Obligation?

Card Factory's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was £75.5 Mil.

Card Factory's quarterly Long-Term Capital Lease Obligation declined from Jan. 2023 (£78.1 Mil) to Jul. 2023 (£75.6 Mil) and declined from Jul. 2023 (£75.6 Mil) to Jan. 2024 (£75.5 Mil).

Card Factory's annual Long-Term Capital Lease Obligation declined from Jan. 2022 (£78.7 Mil) to Jan. 2023 (£78.1 Mil) and declined from Jan. 2023 (£78.1 Mil) to Jan. 2024 (£75.5 Mil).

Card Factory Long-Term Capital Lease Obligation Historical Data

The historical data trend for Card Factory'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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Card Factory Long-Term Capital Lease Obligation Chart

Card Factory Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

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105.20

105.50

78.70

78.10

75.50

Card Factory Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															78.70	80.10	78.10	75.60	75.50

Card Factory (LSE:CARD) 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.

Card Factory Long-Term Capital Lease Obligation Related Terms

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Card Factory (LSE:CARD) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Card Factory PLC (LSE:CARD) » Definitions » Long-Term Capital Lease Obligation

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CARDl:UK

Address

Century House, Brunel Road, 41 Industrial Estate, Wakefield, West Yorkshire, GBR, WF2 0XG

Website

https://www.cardfactory.co.uk

Card Factory PLC is a British retailer of greeting cards. Its products are offered via stores present in the United Kingdom, as well as online through websites: Card Factory and Getting Personal. The company's strategy is to provide high-quality cards at affordable prices. Less than 50% of sales come from gift dressings, small gifts, and party items. The business model is vertically integrated. It has an in-house design team, a printing facility, and a central warehousing facility.