Ramsdens Holdings (LSE:RFX) Long-Term Capital Lease Obligation : £7.89 Mil (As of Mar. 2024)

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What is Ramsdens Holdings Long-Term Capital Lease Obligation?

Ramsdens Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was £7.89 Mil.

Ramsdens Holdings's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (£7.76 Mil) to Sep. 2023 (£7.66 Mil) but then increased from Sep. 2023 (£7.66 Mil) to Mar. 2024 (£7.89 Mil).

Ramsdens Holdings's annual Long-Term Capital Lease Obligation increased from Sep. 2021 (£6.44 Mil) to Sep. 2022 (£7.87 Mil) but then declined from Sep. 2022 (£7.87 Mil) to Sep. 2023 (£7.66 Mil).

Ramsdens Holdings Long-Term Capital Lease Obligation Historical Data

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

Ramsdens Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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7.57

6.44

7.87

7.66

Ramsdens Holdings Semi-Annual Data
	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												7.31	7.87	7.76	7.66	7.89

Ramsdens Holdings (LSE:RFX) 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.

Ramsdens Holdings Long-Term Capital Lease Obligation Related Terms

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Ramsdens Holdings (LSE:RFX) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Ramsdens Holdings PLC (LSE:RFX) » Definitions » Long-Term Capital Lease Obligation

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RSDEF:USA

Address

The Parkway Centre, Unit 16, Coulby Newham, Middlesbrough, GBR, TS8 0TJ

Website

https://www.ramsdensplc.com

Ramsdens Holdings PLC is a diversified financial services provider and retailer operating in the following core segments - Foreign currency segment which comprises the sale and purchase of foreign currency notes to holidaymakers; Pawnbroking segment, which involves providing a cash loan in return for jewellery and watches; Purchases of precious metals segment, involves buying unwanted jewellery, gold, and other precious metals from customers for cash; Retail Jewellery segment and Income from other financial services. Maximum revenue is generated by the Retail Jewellery segment. Geographically, it derives a majority of revenue from the United Kingdom.

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