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Northern Venture Trust (LSE:NVT) Long-Term Capital Lease Obligation : £0.00 Mil (As of Sep. 2024)


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What is Northern Venture Trust Long-Term Capital Lease Obligation?

Northern Venture Trust's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was £0.00 Mil.


Northern Venture Trust Long-Term Capital Lease Obligation Historical Data

The historical data trend for Northern Venture Trust'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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Northern Venture Trust Long-Term Capital Lease Obligation Chart

Northern Venture Trust Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Mar24
Long-Term Capital Lease Obligation
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Northern Venture Trust Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep23 Mar24 Sep24
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Northern Venture Trust  (LSE:NVT) 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.

Northern Venture Trust Long-Term Capital Lease Obligation Related Terms

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Northern Venture Trust Business Description

Traded in Other Exchanges
N/A
Address
17 High Street, Forward House, Henley-in-Arden, GBR, B95 5AA
Northern Venture Trust PLC is a venture capital trust. The company's principal activity includes making long-term equity and loan investments. Mainly it invests in unquoted companies in the United Kingdom manufacturing and service businesses. Its objective is to provide high long-term tax-free returns to investors through a combination of dividend yield and capital growth. The company's portfolio of investment includes various sectors such as Technology, media, telecommunications, Business services, Healthcare, Oil and gas, Leisure, Consumer, and Industrials.