UIL Finance (LSE:UTLH) Long-Term Capital Lease Obligation : £0.00 Mil (As of Dec. 2023)

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What is UIL Finance Long-Term Capital Lease Obligation?

UIL Finance's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.00 Mil.

UIL Finance Long-Term Capital Lease Obligation Historical Data

The historical data trend for UIL Finance'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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UIL Finance Long-Term Capital Lease Obligation Chart

UIL Finance Annual Data

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Long-Term Capital Lease Obligation

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UIL Finance Semi-Annual Data
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UIL Finance (LSE:UTLH) 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.

UIL Finance Long-Term Capital Lease Obligation Related Terms

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UIL Finance (LSE:UTLH) Business Description

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Address

2 Church Street, Clarendon House, Hamilton, BMU, HM 11

Website

https://www.uil.limited

UIL Finance Ltd is a closed-ended investment company. Its investment objective is to finance and fund the final capital entitlements of the zero dividend preference (ZDP) shares. It seeks to fund the final capital entitlements of the ZDP shares by lending current asset funds to its parent company. The company is exempt from taxation, except insofar as it is withheld from income received.

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