Victorian Plumbing Group (LSE:VIC) Long-Term Capital Lease Obligation : £42.9 Mil (As of Mar. 2024)

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What is Victorian Plumbing Group Long-Term Capital Lease Obligation?

Victorian Plumbing Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was £42.9 Mil.

Victorian Plumbing Group's quarterly Long-Term Capital Lease Obligation stayed the same from Mar. 2023 (£3.8 Mil) to Sep. 2023 (£3.8 Mil) but then increased from Sep. 2023 (£3.8 Mil) to Mar. 2024 (£42.9 Mil).

Victorian Plumbing Group's annual Long-Term Capital Lease Obligation declined from Sep. 2021 (£4.9 Mil) to Sep. 2022 (£4.1 Mil) and declined from Sep. 2022 (£4.1 Mil) to Sep. 2023 (£3.8 Mil).

Victorian Plumbing Group Long-Term Capital Lease Obligation Historical Data

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

Victorian Plumbing Group Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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3.30

5.70

4.90

4.10

3.80

Victorian Plumbing Group Semi-Annual Data
	Sep18	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						4.50	4.10	3.80	3.80	42.90

Victorian Plumbing Group (LSE:VIC) 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.

Victorian Plumbing Group Long-Term Capital Lease Obligation Related Terms

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Victorian Plumbing Group (LSE:VIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Victorian Plumbing Group PLC (LSE:VIC) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

637:Germany

Address

22 Grimrod Place, Skelmersdale, GBR, WN8 9UU

Website

https://www.victorianplumbingplc.com

Victorian Plumbing Group PLC is an online retailer of bathroom products and accessories, offering a one-stop-shop solution for the entire bathroom. It offers a wide range of over 24,000 products to business to customer and trade customers, with more than 125 brands across a wide spectrum of price points and it also design and develops exclusive new products in-house.

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