Next 15 Group (LSE:NFG) Long-Term Capital Lease Obligation : £23.3 Mil (As of Jan. 2024)

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What is Next 15 Group Long-Term Capital Lease Obligation?

Next 15 Group's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was £23.3 Mil.

Next 15 Group's quarterly Long-Term Capital Lease Obligation declined from Jan. 2023 (£29.5 Mil) to Jul. 2023 (£25.9 Mil) and declined from Jul. 2023 (£25.9 Mil) to Jan. 2024 (£23.3 Mil).

Next 15 Group's annual Long-Term Capital Lease Obligation increased from Jan. 2022 (£22.3 Mil) to Jan. 2023 (£29.5 Mil) but then declined from Jan. 2023 (£29.5 Mil) to Jan. 2024 (£23.3 Mil).

Next 15 Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Next 15 Group'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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Next 15 Group Long-Term Capital Lease Obligation Chart

Next 15 Group Annual Data

Trend

Jul13

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

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43.02

31.81

22.29

29.48

23.31

Next 15 Group Semi-Annual Data
	Jul13	Jan14	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															22.29	35.12	29.48	25.88	23.31

Next 15 Group (LSE:NFG) 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.

Next 15 Group Long-Term Capital Lease Obligation Related Terms

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Next 15 Group (LSE:NFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Next 15 Group PLC (LSE:NFG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

NXFNF:USA

Address

60 Great Portland Street, London, GBR, W1W 7RT

Website

https://www.next15.com

Next 15 Group PLC is a digital marketing company in the United Kingdom. The company segments include Customer Engage; Customer Delivery; Customer Insight and Business Transformation. It generates maximum revenue from the Customer Engage segment.