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Albion Technology & General VCT (LSE:AATG) Long-Term Capital Lease Obligation : £0.00 Mil (As of Dec. 2023)


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What is Albion Technology & General VCT Long-Term Capital Lease Obligation?

Albion Technology & General VCT's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.00 Mil.


Albion Technology & General VCT Long-Term Capital Lease Obligation Historical Data

The historical data trend for Albion Technology & General VCT'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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Albion Technology & General VCT Long-Term Capital Lease Obligation Chart

Albion Technology & General VCT Annual Data
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Long-Term Capital Lease Obligation
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Albion Technology & General VCT Semi-Annual Data
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Albion Technology & General VCT  (LSE:AATG) 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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Albion Technology & General VCT (LSE:AATG) Business Description

Traded in Other Exchanges
N/A
Address
1 Benjamin Street, London, GBR, EC1M 5QL
Albion Technology & General VCT PLC provides investors with a regular and predictable source of dividend income combined with the prospect of longer-term capital growth. The company maintains a balanced portfolio of predominantly unquoted growth and technology businesses in a qualifying Venture Capital Trust. The company operates in a single business segment, which is an investment in smaller early-stage companies principally based in the United Kingdom.

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