Cake Box Holdings (LSE:CBOX) Long-Term Capital Lease Obligation : £2.29 Mil (As of Sep. 2023)

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What is Cake Box Holdings Long-Term Capital Lease Obligation?

Cake Box Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was £2.29 Mil.

Cake Box Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (£2.62 Mil) to Mar. 2023 (£2.43 Mil) and declined from Mar. 2023 (£2.43 Mil) to Sep. 2023 (£2.29 Mil).

Cake Box Holdings's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (£0.00 Mil) to Mar. 2022 (£2.70 Mil) but then declined from Mar. 2022 (£2.70 Mil) to Mar. 2023 (£2.43 Mil).

Cake Box Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cake Box Holdings'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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Cake Box Holdings Long-Term Capital Lease Obligation Chart

Cake Box Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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2.70

2.43

Cake Box Holdings Semi-Annual Data
	Mar16	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										-	2.70	2.62	2.43	2.29

Cake Box Holdings (LSE:CBOX) 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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Cake Box Holdings (LSE:CBOX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Cake Box Holdings PLC (LSE:CBOX) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

20-22 Jute Lane, Enfield, London, Middlesex, GBR, EN3 7PJ

Website

http://www.eggfreecake.co.uk

Cake Box Holdings PLC is a retailer of fresh cream cakes. It offers a range of cakes that include cupcakes, photo cakes, number cakes, fruit cakes, mendhi cakes, round cakes, kid's cakes, platter cakes, and wedding cakes. The company recognises revenue revenue from Sale of sponges, fresh cream and other goods to franchisees, Online sales of cakes and related products to customers, Franchise package. Geographically, it derives revenue from the United Kingdom.

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