RTC Group (LSE:RTC) Long-Term Capital Lease Obligation : £2.34 Mil (As of Dec. 2023)

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What is RTC Group Long-Term Capital Lease Obligation?

RTC Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £2.34 Mil.

RTC Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (£2.58 Mil) to Jun. 2023 (£2.28 Mil) but then increased from Jun. 2023 (£2.28 Mil) to Dec. 2023 (£2.34 Mil).

RTC Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (£2.80 Mil) to Dec. 2022 (£2.58 Mil) and declined from Dec. 2022 (£2.58 Mil) to Dec. 2023 (£2.34 Mil).

RTC Group Long-Term Capital Lease Obligation Historical Data

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

RTC Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.86

2.94

2.80

2.58

2.34

RTC Group 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															2.80	2.80	2.58	2.28	2.34

RTC Group (LSE:RTC) 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.

RTC Group Long-Term Capital Lease Obligation Related Terms

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RTC Group (LSE:RTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » RTC Group PLC (LSE:RTC) » Definitions » Long-Term Capital Lease Obligation

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Address

London Road, The Derby Conference Centre, Derby, GBR, DE24 8UX

Website

https://www.rtcgroupplc.co.uk

RTC Group PLC is engaged in the engineering and technical recruitment business that provides temporary and permanent labor to a broad range of industries and customers in both domestic and international markets. It focuses on white and blue-collar recruitment providing temporary, permanent, and contingent staff to a range of industries and clients in both domestic and international markets. The company's operating segments include UK Recruitment, UK Central Services, and International Recruitment. The majority of its revenues are generated from the UK Recruitment segment.