Serco Group (Serco Group) Long-Term Capital Lease Obligation : $397 Mil (As of Dec. 2023)

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What is Serco Group Long-Term Capital Lease Obligation?

Serco Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $397 Mil.

Serco Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($367 Mil) to Jun. 2023 ($384 Mil) and increased from Jun. 2023 ($384 Mil) to Dec. 2023 ($397 Mil).

Serco Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($404 Mil) to Dec. 2022 ($367 Mil) but then increased from Dec. 2022 ($367 Mil) to Dec. 2023 ($397 Mil).

Serco Group Long-Term Capital Lease Obligation Historical Data

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

Serco Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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373.92

394.22

404.26

367.36

397.09

Serco 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															404.26	376.11	367.36	383.59	397.09

Serco Group (OTCPK:SCGPY) 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.

Serco Group Long-Term Capital Lease Obligation Related Terms

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Serco Group (Serco Group) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SECCF:USA SRPl:UK SRP:UK SEO:Germany

Address

16 Bartley Wood Business Park, Serco House, Bartley Way, Hook, Hampshire, GBR, RG27 9UY

Website

https://www.serco.com

Serco Group PLC helps governments and public-sector bodies deliver public services. The company generates revenue from four divisions. The U.K. & Europe local and regional government division provides hospital management welfare, business support operations, and defense services in the U.K. and Europe. The Americas division provides professional, defense, technology, and management services to U.S. and Canadian governments. The Asia-Pacific segment provides frontline services, defense, citizen services in Australia, New Zealand, and Hong Kong. The Middle East division provides transport, defense, and health services in the Middle East. The company generates most of its revenue from the U.K. & Europe division.

Serco Group (Serco Group) Headlines

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