Northcoders Group (LSE:CODE) Long-Term Capital Lease Obligation : £0.15 Mil (As of Dec. 2023)

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What is Northcoders Group Long-Term Capital Lease Obligation?

Northcoders Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.15 Mil.

Northcoders Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (£0.47 Mil) to Jun. 2023 (£0.34 Mil) and declined from Jun. 2023 (£0.34 Mil) to Dec. 2023 (£0.15 Mil).

Northcoders Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (£0.71 Mil) to Dec. 2022 (£0.47 Mil) and declined from Dec. 2022 (£0.47 Mil) to Dec. 2023 (£0.15 Mil).

Northcoders Group Long-Term Capital Lease Obligation Historical Data

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

Northcoders Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.07

0.56

0.71

0.47

0.15

Northcoders Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					0.71	0.59	0.47	0.34	0.15

Northcoders Group (LSE:CODE) 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.

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Northcoders Group (LSE:CODE) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Northcoders Group PLC (LSE:CODE) » Definitions » Long-Term Capital Lease Obligation

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Address

Oxford Road, Manchester Technology Centre, Lancashire, Manchester, GBR, M1 7ED

Website

https://www.northcodersgroup.com

Northcoders Group PLC is an independent provider of training programs for software coding. It offers a range of training and software development solutions to individual and corporate customers. Its offering includes boot camp training courses, government-funded apprenticeships, bespoke training courses, and software development solutions.

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