Hargreaves Services (LSE:HSP) Long-Term Capital Lease Obligation : £0.0 Mil (As of Nov. 2023)

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What is Hargreaves Services Long-Term Capital Lease Obligation?

Hargreaves Services's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was £0.0 Mil.

Hargreaves Services's quarterly Long-Term Capital Lease Obligation increased from Nov. 2022 (£0.0 Mil) to May. 2023 (£20.8 Mil) but then declined from May. 2023 (£20.8 Mil) to Nov. 2023 (£0.0 Mil).

Hargreaves Services's annual Long-Term Capital Lease Obligation increased from May. 2021 (£8.6 Mil) to May. 2022 (£11.0 Mil) and increased from May. 2022 (£11.0 Mil) to May. 2023 (£20.8 Mil).

Hargreaves Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hargreaves Services'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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Hargreaves Services Long-Term Capital Lease Obligation Chart

Hargreaves Services Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Long-Term Capital Lease Obligation

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8.30

9.44

8.59

11.05

20.84

Hargreaves Services Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	11.05	-	20.84	-

Hargreaves Services (LSE:HSP) 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.

Hargreaves Services Long-Term Capital Lease Obligation Related Terms

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Hargreaves Services (LSE:HSP) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hargreaves Services PLC (LSE:HSP) » Definitions » Long-Term Capital Lease Obligation

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HSP.GB:UK

Address

West Terrace, Esh Winning, Durham, GBR, DH7 9PT

Website

https://www.hsgplc.co.uk

Hargreaves Services PLC delivers projects and services in the infrastructure, energy, and property sectors, supporting key industries within the UK and South East Asia. The company's business segments are Services and Hargreaves Land. It generates maximum revenue from the Services segment. The Services segment provides materials handling, mechanical and electrical engineering, land restoration, logistics and bulk earthmoving into the energy, environmental, infrastructure and industrial sectors.

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