Phoenix Group Holdings (LSE:PHNX) Long-Term Capital Lease Obligation : £65 Mil (As of Dec. 2023)

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

Phoenix Group Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £65 Mil.

Phoenix Group Holdings's quarterly Long-Term Capital Lease Obligation stayed the same from Dec. 2022 (£81 Mil) to Jun. 2023 (£81 Mil) but then declined from Jun. 2023 (£81 Mil) to Dec. 2023 (£65 Mil).

Phoenix Group Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (£99 Mil) to Dec. 2022 (£81 Mil) and declined from Dec. 2022 (£81 Mil) to Dec. 2023 (£65 Mil).

Phoenix Group Holdings Long-Term Capital Lease Obligation Historical Data

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

Phoenix Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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84.00

99.00

81.00

65.00

Phoenix Group Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															99.00	97.00	81.00	81.00	65.00

Phoenix Group Holdings (LSE:PHNX) 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.

Phoenix Group Holdings Long-Term Capital Lease Obligation Related Terms

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Phoenix Group Holdings (LSE:PHNX) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Phoenix Group Holdings PLC (LSE:PHNX) » Definitions » Long-Term Capital Lease Obligation

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PNXGF:USA PHNXl:UK 1BF:Germany

Address

20 Old Bailey, London, GBR, EC4M 7AN

Website

https://www.thephoenixgroup.com

Phoenix Group Holdings PLC is a British closed life assurance fund consolidator. Its main specialisation is the management and acquisition of closed life and pension funds. It operates mainly in the United Kingdom. The Group's main business segment is its life assurance operations, Phoenix Life. Phoenix Life is responsible for the management of the group's life funds. The company's management services companies provide services to the life business segment, including financial and risk management services, sourcing strategies, and administrative services.

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