M&G (LSE:MNG) Long-Term Capital Lease Obligation : £387 Mil (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is M&G Long-Term Capital Lease Obligation?

M&G's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £387 Mil.

M&G's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (£420 Mil) to Jun. 2023 (£399 Mil) and declined from Jun. 2023 (£399 Mil) to Dec. 2023 (£387 Mil).

M&G's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (£413 Mil) to Dec. 2022 (£420 Mil) but then declined from Dec. 2022 (£420 Mil) to Dec. 2023 (£387 Mil).

M&G Long-Term Capital Lease Obligation Historical Data

The historical data trend for M&G'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.

* Premium members only.

M&G Long-Term Capital Lease Obligation Chart

M&G Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

360.00

354.00

413.00

420.00

387.00

M&G Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									413.00	431.00	420.00	399.00	387.00

M&G (LSE:MNG) 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.

M&G Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of M&G's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

M&G (LSE:MNG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » M&G PLC (LSE:MNG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MGPUF:USA MNGl:UK 7MP:Germany

Address

10 Fenchurch Avenue, London, GBR, EC3M 5AG

Website

https://www.mandgprudential.com

M&G PLC is a United Kingdom-based company engaged in the savings and investments business. It serves retail customers, who want to build and protect their life savings, and provides investment solutions. The company's reportable segments are 1) Asset Management segment which generates revenues by charging fees that are typically based on the level of assets under management. The Asset Management segment also earns investment management revenues from the proportion of Retail and Savings assets it manages, 2) Retail and Savings segment which includes M and G Wealth, Heritage business and Other Retail and Savings business which relates to the company's international savings business. and 3) Corporate Centre segment includes central corporate costs and debt costs.

M&G (LSE:MNG) Headlines

No Headlines