Various Eateries (LSE:VARE) Long-Term Capital Lease Obligation : £28.05 Mil (As of Sep. 2023)

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What is Various Eateries Long-Term Capital Lease Obligation?

Various Eateries's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was £28.05 Mil.

Various Eateries's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (£29.24 Mil) to Mar. 2023 (£29.29 Mil) but then declined from Mar. 2023 (£29.29 Mil) to Sep. 2023 (£28.05 Mil).

Various Eateries's annual Long-Term Capital Lease Obligation increased from Sep. 2021 (£22.13 Mil) to Sep. 2022 (£29.24 Mil) but then declined from Sep. 2022 (£29.24 Mil) to Sep. 2023 (£28.05 Mil).

Various Eateries Long-Term Capital Lease Obligation Historical Data

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

Various Eateries Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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13.29

21.48

22.13

29.24

28.05

Various Eateries Semi-Annual Data
	Sep17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							22.13	24.59	29.24	29.29	28.05

Various Eateries (LSE:VARE) 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.

Various Eateries Long-Term Capital Lease Obligation Related Terms

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Various Eateries (LSE:VARE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Various Eateries PLC (LSE:VARE) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

20 Saint Thomas Street, Runway East, London, GBR, SE1 9RS

Website

http://www.variouseateries.co.uk

Various Eateries PLC owns, develops, and operates restaurant sites in the United Kingdom. The company operates two core brands; Coppa Club, a multi-use, all-day concept that combines a restaurant, terrace, cafe, lounge, bar, and workspaces; and Tavolino, a restaurant aiming to address a gap in the market for high-quality Italian food at mid-market prices. The company has two operating segments; the Restaurant Segment, and the Hotel Segment, out of which a majority of the company's revenue is derived from the Restaurant Segment.

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