LendInvest (LSE:LINV) Long-Term Capital Lease Obligation : £3.60 Mil (As of Sep. 2024)

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What is LendInvest Long-Term Capital Lease Obligation?

LendInvest's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was £3.60 Mil.

LendInvest's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (£2.80 Mil) to Mar. 2024 (£2.30 Mil) but then increased from Mar. 2024 (£2.30 Mil) to Sep. 2024 (£3.60 Mil).

LendInvest's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (£3.10 Mil) to Mar. 2023 (£3.30 Mil) but then declined from Mar. 2023 (£3.30 Mil) to Mar. 2024 (£2.30 Mil).

LendInvest Long-Term Capital Lease Obligation Historical Data

The historical data trend for LendInvest'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.

* Premium members only.

LendInvest Long-Term Capital Lease Obligation Chart

LendInvest Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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5.70

4.10

3.10

3.30

2.30

LendInvest Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						3.80	3.30	2.80	2.30	3.60

LendInvest (LSE:LINV) 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.

LendInvest Long-Term Capital Lease Obligation Related Terms

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LendInvest Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » LendInvest PLC (LSE:LINV) » Definitions » Long-Term Capital Lease Obligation

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Address

4-8 Maple Street, London, GBR, W1T 5HD

Website

https://www.lendinvest.com

LendInvest PLC is a platform for property finance. It offers short-term, development, and buy-to-let mortgages to intermediaries, landlords and developers across the UK.

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