Toople (LSE:TOOP) Long-Term Capital Lease Obligation : £0.12 Mil (As of Mar. 2022)

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What is Toople Long-Term Capital Lease Obligation?

Toople's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2022 was £0.12 Mil.

Toople's quarterly Long-Term Capital Lease Obligation increased from Mar. 2021 (£0.00 Mil) to Sep. 2021 (£0.11 Mil) and increased from Sep. 2021 (£0.11 Mil) to Mar. 2022 (£0.12 Mil).

Toople's annual Long-Term Capital Lease Obligation increased from Sep. 2019 (£0.00 Mil) to Sep. 2020 (£0.01 Mil) and increased from Sep. 2020 (£0.01 Mil) to Sep. 2021 (£0.11 Mil).

Toople Long-Term Capital Lease Obligation Historical Data

The historical data trend for Toople'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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Toople Long-Term Capital Lease Obligation Chart

Toople Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Long-Term Capital Lease Obligation

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0.01

0.11

Toople Semi-Annual Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									0.04	0.01	-	0.11	0.12

Toople (LSE:TOOP) 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.

Toople Long-Term Capital Lease Obligation Related Terms

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Toople (LSE:TOOP) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Toople PLC (LSE:TOOP) » Definitions » Long-Term Capital Lease Obligation

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Address

The Nexus Building, P.O. Box 501, Broadway, Letchworth, Hertfordshire, GBR, SG6 9BL

Website

https://www.toople.com

Toople PLC provides telecommunication services in the United Kingdom. The company's services include business broadband, fiber, EFM and Ethernet data services, business mobile phones, cloud PBX and SIP Trunking, and traditional services. It provides business broadband packages such as Toople Broadband ADSL, Toople Fibre Lite FTTC, and Toople Fibre XL. The revenue is derived from the provision of telephony services.

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