Manchester & London Investment Trust (LSE:MNL) Long-Term Capital Lease Obligation : £0.0 Mil (As of Jan. 2024)

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What is Manchester & London Investment Trust Long-Term Capital Lease Obligation?

Manchester & London Investment Trust's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was £0.0 Mil.

Manchester & London Investment Trust Long-Term Capital Lease Obligation Historical Data

The historical data trend for Manchester & London Investment Trust'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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Manchester & London Investment Trust Long-Term Capital Lease Obligation Chart

Manchester & London Investment Trust Annual Data

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Long-Term Capital Lease Obligation

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Manchester & London Investment Trust Semi-Annual Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Manchester & London Investment Trust (LSE:MNL) 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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Manchester & London Investment Trust (LSE:MNL) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Manchester & London Investment Trust PLC (LSE:MNL) » Definitions » Long-Term Capital Lease Obligation

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MNLl:UK

Address

12a Princes Gate Mews, London, GBR, SW7 2PS

Website

https://www.mlcapman.com

Manchester & London Investment Trust PLC is an investment company. It invests in companies whose shares are admitted to trading on a regulated market. The investment objective of the company is to achieve capital appreciation together with a reasonable level of income. It may invest in derivatives, money market instruments, currency instruments, contracts for differences (CFDs), futures, forwards, and options for the purposes of holding investments and hedging positions against movements in equity markets, currencies, and interest rates.

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