Lok'n Store Group (LSE:LOK) Long-Term Capital Lease Obligation : £13.32 Mil (As of Jan. 2024)

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What is Lok'n Store Group Long-Term Capital Lease Obligation?

Lok'n Store Group's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was £13.32 Mil.

Lok'n Store Group's quarterly Long-Term Capital Lease Obligation increased from Jan. 2023 (£8.79 Mil) to Jul. 2023 (£13.83 Mil) but then declined from Jul. 2023 (£13.83 Mil) to Jan. 2024 (£13.32 Mil).

Lok'n Store Group's annual Long-Term Capital Lease Obligation declined from Jul. 2021 (£9.91 Mil) to Jul. 2022 (£9.28 Mil) but then increased from Jul. 2022 (£9.28 Mil) to Jul. 2023 (£13.83 Mil).

Lok'n Store Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lok'n Store 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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Lok'n Store Group Long-Term Capital Lease Obligation Chart

Lok'n Store Group Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Long-Term Capital Lease Obligation

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12.46

11.16

9.91

9.28

13.83

Lok'n Store Group Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															11.18	9.28	8.79	13.83	13.32

Lok'n Store Group (LSE:LOK) 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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Lok'n Store Group (LSE:LOK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Lok'n Store Group PLC (LSE:LOK) » Definitions » Long-Term Capital Lease Obligation

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Address

112 Hawley Lane, Farnborough, Hampshire, GBR, GU14 8JE

Website

https://www.loknstore.co.uk

Lok'n Store Group PLC operates in the real estate industry based in the United Kingdom. Its business involves buying or leasing warehouses or industrial buildings and letting them out as self-storage units to its customers. Operating through the Self-Storage segments, the company caters to both households and business customers. Its self-storage segment accounts for the bulk of its operations with the provision of storage rooms, student storage, pallet storage, warehouse space, self-storage archiving, flexible office space, and multi-site business storage accounts.

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