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Bay Capital (LSE:BAY) Long-Term Capital Lease Obligation : £0.00 Mil (As of Dec. 2023)


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What is Bay Capital Long-Term Capital Lease Obligation?

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


Bay Capital Long-Term Capital Lease Obligation Historical Data

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

Bay Capital Annual Data
Trend Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
- - -

Bay Capital Semi-Annual Data
Jun21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation - - - - -

Bay Capital  (LSE:BAY) 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.

Bay Capital Long-Term Capital Lease Obligation Related Terms

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Bay Capital (LSE:BAY) Business Description

Traded in Other Exchanges
N/A
Address
28 Esplanade, Channel Islands, St. Helier, JEY, JE2 3QA
Bay Capital PLC is focused to drive shareholder value through the acquisition of target companies in certain sectors where the Directors believe there to be sustainable growth opportunities both organically and through acquisition. The company is seeking fundamentally sound assets, where tangible opportunities exist to drive strategic, operational, and performance improvements.

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