IG Group Holdings (LSE:IGG) Long-Term Capital Lease Obligation : £13.9 Mil (As of Nov. 2023)

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What is IG Group Holdings Long-Term Capital Lease Obligation?

IG Group Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was £13.9 Mil.

IG Group Holdings's quarterly Long-Term Capital Lease Obligation increased from Nov. 2022 (£10.9 Mil) to May. 2023 (£13.3 Mil) and increased from May. 2023 (£13.3 Mil) to Nov. 2023 (£13.9 Mil).

IG Group Holdings's annual Long-Term Capital Lease Obligation declined from May. 2021 (£16.4 Mil) to May. 2022 (£13.0 Mil) but then increased from May. 2022 (£13.0 Mil) to May. 2023 (£13.3 Mil).

IG Group Holdings Long-Term Capital Lease Obligation Historical Data

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

IG Group Holdings Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Long-Term Capital Lease Obligation

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22.50

16.40

13.00

13.30

IG Group Holdings 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															15.70	13.00	10.90	13.30	13.90

IG Group Holdings (LSE:IGG) 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.

IG Group Holdings Long-Term Capital Lease Obligation Related Terms

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IG Group Holdings (LSE:IGG) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » IG Group Holdings PLC (LSE:IGG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

IGGRF:USA IGGHY:USA IGGl:UK I5G:Germany

Address

Cannon Bridge House, 25 Dowgate Hill, London, GBR, EC4R 2YA

Website

https://www.iggroup.com

IG Group Holdings PLC provides online trading services to its clients. The majority of the company's revenue stems from its derivative products and contracts for difference (CFDs). The company operates through various segments which are The U.K. segment which derives its revenue from financial spread bets, CFDs, binary options, and execution-only stockbroking. The Australian segment derives its revenue from CFDs and binary options. The European segment derives its revenue from CFDs, binary options, and execution-only stockbroking. The Rest of the World segment derives its revenue from the operation of a regulated futures and options exchange as well as CFDs and binary options. The company generates more than half of its revenue from the U.K., followed by Europe and Australia.

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