Mavenome and Growth VCT 3 (LSE:MIG3) Long-Term Capital Lease Obligation : £0.00 Mil (As of Nov. 2023)

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What is Mavenome and Growth VCT 3 Long-Term Capital Lease Obligation?

Mavenome and Growth VCT 3's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was £0.00 Mil.

Mavenome and Growth VCT 3 Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mavenome and Growth VCT 3'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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Mavenome and Growth VCT 3 Long-Term Capital Lease Obligation Chart

Mavenome and Growth VCT 3 Annual Data

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Long-Term Capital Lease Obligation

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Mavenome and Growth VCT 3 Semi-Annual Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Mavenome and Growth VCT 3 (LSE:MIG3) 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.

Mavenome and Growth VCT 3 Long-Term Capital Lease Obligation Related Terms

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Mavenome and Growth VCT 3 (LSE:MIG3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Maven Income and Growth VCT 3 PLC (LSE:MIG3) » Definitions » Long-Term Capital Lease Obligation

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Address

205 West George Street, Kintyre House, Glasgow, GBR, G2 2LW

Website

http://www.mavencp.com

Maven Income and Growth VCT 3 PLC is a part of the financial services sector. It operating as a venture capital trust, the company aims to achieve long-term capital growth and income for its shareholders. It follows a strategy of investing most of its funds in shares and securities of unquoted UK companies and AIM-quoted companies. The company funds portfolio includes Greater Manchester Loan Fund, Private Equity, and Property Fund.

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