Albion Venture Capital Trust (LSE:AAVC) Long-Term Capital Lease Obligation : £0.00 Mil (As of Sep. 2023)

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What is Albion Venture Capital Trust Long-Term Capital Lease Obligation?

Albion Venture Capital Trust's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.00 Mil.

Albion Venture Capital Trust Long-Term Capital Lease Obligation Historical Data

The historical data trend for Albion Venture Capital 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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Albion Venture Capital Trust Long-Term Capital Lease Obligation Chart

Albion Venture Capital Trust Annual Data

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Long-Term Capital Lease Obligation

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Albion Venture Capital Trust Semi-Annual Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Albion Venture Capital Trust (LSE:AAVC) 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 Venture Capital Trust (LSE:AAVC) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Albion Venture Capital Trust PLC (LSE:AAVC) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

1 Benjamin Street, London, GBR, EC1M 5QL

Website

https://www.albion.capital

Albion Venture Capital Trust PLC is a UK-based venture capital trust. The principal activity of the company is to select and hold a portfolio of investments in unquoted securities. Its investment objectives are to manage the risk normally associated with investments in smaller unquoted companies while maintaining an attractive yield, by allowing investors to participate in a balanced portfolio of asset-backed businesses. The firm invests in various sectors, including healthcare, renewable energy, education, Business services, Growth and technology, Cash and cash equivalents, and Hotels. Its investments are normally structured as a mixture of equity and loan stock. Loan stock represents the majority of the finance provided and is secured on the assets of the portfolio company.

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