Gateley (Holdings) (LSE:GTLY) Long-Term Capital Lease Obligation : £26.8 Mil (As of Oct. 2023)

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What is Gateley (Holdings) Long-Term Capital Lease Obligation?

Gateley (Holdings)'s Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was £26.8 Mil.

Gateley (Holdings)'s quarterly Long-Term Capital Lease Obligation declined from Oct. 2022 (£30.0 Mil) to Apr. 2023 (£28.7 Mil) and declined from Apr. 2023 (£28.7 Mil) to Oct. 2023 (£26.8 Mil).

Gateley (Holdings)'s annual Long-Term Capital Lease Obligation declined from Apr. 2021 (£27.7 Mil) to Apr. 2022 (£25.2 Mil) but then increased from Apr. 2022 (£25.2 Mil) to Apr. 2023 (£28.7 Mil).

Gateley (Holdings) Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gateley (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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Gateley (Holdings) Long-Term Capital Lease Obligation Chart

Gateley (Holdings) Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Long-Term Capital Lease Obligation

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22.11

27.70

25.21

28.72

Gateley (Holdings) Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															26.47	25.21	30.02	28.72	26.84

Gateley (Holdings) (LSE:GTLY) 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.

Gateley (Holdings) Long-Term Capital Lease Obligation Related Terms

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Gateley (Holdings) (LSE:GTLY) Business Description

Industry

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

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Traded in Other Exchanges

5I2:Germany

Address

One Eleven Edmund Street, Birmingham, West Midlands, GBR, B3 2HJ

Website

http://www.gateleyplc.com

Gateley (Holdings) PLC is a full-service law firm. It provides commercial legal service with complementary non-legal services which includes trustees to pension schemes and offering tax incentive advice. The company has banking and financial services, corporate, business services, employment, pensions and benefits, and property segments. It derives most of its revenues from the banking and financial services segment. The firm mainly operates in the United Kingdom, Europe, Middle East, North and South America, and Asia.

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