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GCP Asset Backedome Fund (LSE:GABI) Long-Term Capital Lease Obligation : £0.00 Mil (As of Jun. 2024)


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What is GCP Asset Backedome Fund Long-Term Capital Lease Obligation?

GCP Asset Backedome Fund's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was £0.00 Mil.


GCP Asset Backedome Fund Long-Term Capital Lease Obligation Historical Data

The historical data trend for GCP Asset Backedome Fund'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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GCP Asset Backedome Fund Long-Term Capital Lease Obligation Chart

GCP Asset Backedome Fund Annual Data
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Long-Term Capital Lease Obligation
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GCP Asset Backedome Fund Semi-Annual Data
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GCP Asset Backedome Fund  (LSE:GABI) 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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GCP Asset Backedome Fund Business Description

Traded in Other Exchanges
Address
IFC 5, Saint Helier, JEY, JE1 1ST
GCP Asset Backed Income Fund Ltd is a closed-ended investment company. Its objective is to generate risk-adjusted returns through regular, growing distributions and modest capital appreciation over the long term. It provides investors with exposure to a portfolio of the United Kingdom-based asset-backed loans secured against cash flows and/or physical assets. The company invests in a diversified portfolio of fixed and floating-rate loans secured against physical assets, which have contracted, predictable medium-to-long-term cash flows. It invests in various sectors, which include asset finance, property, energy and infrastructure, and social infrastructure.

GCP Asset Backedome Fund Headlines

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