Elite UK REIT (SGX:MXNU) Long-Term Capital Lease Obligation : £1.22 Mil (As of Jun. 2024)

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What is Elite UK REIT Long-Term Capital Lease Obligation?

Elite UK REIT's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was £1.22 Mil.

Elite UK REIT's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (£1.23 Mil) to Dec. 2023 (£1.22 Mil) and declined from Dec. 2023 (£1.22 Mil) to Jun. 2024 (£1.22 Mil).

Elite UK REIT's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (£1.24 Mil) to Dec. 2022 (£1.23 Mil) and declined from Dec. 2022 (£1.23 Mil) to Dec. 2023 (£1.22 Mil).

Elite UK REIT Long-Term Capital Lease Obligation Historical Data

The historical data trend for Elite UK REIT'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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Elite UK REIT Long-Term Capital Lease Obligation Chart

Elite UK REIT Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1.24

1.23

1.22

Elite UK REIT Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					1.23	1.23	1.23	1.22	1.22

Elite UK REIT (SGX:MXNU) 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.

Elite UK REIT Long-Term Capital Lease Obligation Related Terms

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Elite UK REIT Business Description

Industry

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Address

8 Temasek Boulevard, 37-02, Suntec Tower Three, Singapore, SGP, 038988

Website

https://www.elitecreit.com

Elite Commercial REIT invests in commercial assets and real estate-related assets in the UK. It has commercial buildings located across the UK.

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