Diverseome Trust (The) (LSE:DIVI) Long-Term Capital Lease Obligation : £0.00 Mil (As of May. 2023)

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What is Diverseome Trust (The) Long-Term Capital Lease Obligation?

Diverseome Trust (The)'s Long-Term Capital Lease Obligation for the quarter that ended in May. 2023 was £0.00 Mil.

Diverseome Trust (The) Long-Term Capital Lease Obligation Historical Data

The historical data trend for Diverseome Trust (The)'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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Diverseome Trust (The) Long-Term Capital Lease Obligation Chart

Diverseome Trust (The) Annual Data

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Long-Term Capital Lease Obligation

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Diverseome Trust (The) Semi-Annual Data
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Diverseome Trust (The) (LSE:DIVI) 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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Diverseome Trust (The) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Diverse Income Trust (The) PLC (LSE:DIVI) » Definitions » Long-Term Capital Lease Obligation

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DIVIl:UK

Address

Southernhay West, Broadwalk House, Exeter, Devon, GBR, EX1 1TS

Website

https://www.diverseincometrust.com

Diverse Income Trust (The) PLC is a UK-based closed-end investment fund. The company mainly invests in quoted or traded UK companies with a wide range of market capitalizations but a long-term bias toward small and mid-cap equities. It adopts a stock-specific approach in managing the company's portfolio and therefore sector weightings are of secondary consideration. The company also utilizes derivative instruments including index-linked notes, contracts for differences, covered options, and other equity-related derivative instruments for efficient portfolio management, gearing, and investment purposes. Its main objective is to pay shareholders a good and growing dividend income.