Orchard Funding Group (LSE:ORCH) Long-Term Capital Lease Obligation : £0.00 Mil (As of Jul. 2024)

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What is Orchard Funding Group Long-Term Capital Lease Obligation?

Orchard Funding Group's Long-Term Capital Lease Obligation for the quarter that ended in Jul. 2024 was £0.00 Mil.

Orchard Funding Group's annual Long-Term Capital Lease Obligation declined from Jul. 2022 (£0.02 Mil) to Jul. 2023 (£0.00 Mil) but then stayed the same from Jul. 2023 (£0.00 Mil) to Jul. 2024 (£0.00 Mil).

Orchard Funding Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Orchard Funding Group'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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Orchard Funding Group Long-Term Capital Lease Obligation Chart

Orchard Funding Group Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Long-Term Capital Lease Obligation

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0.07

0.04

0.02

Orchard Funding Group Semi-Annual Data
	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.02	-	-	-	-

Orchard Funding Group (LSE:ORCH) 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.

Orchard Funding Group Long-Term Capital Lease Obligation Related Terms

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Orchard Funding Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Orchard Funding Group PLC (LSE:ORCH) » Definitions » Long-Term Capital Lease Obligation

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Address

721 Capability Green, 1st Floor, Luton, Bedfordshire, GBR, LU1 3LU

Website

https://www.orchardfundinggroupplc.com

Orchard Funding Group PLC is a finance company that specializes in insurance premium finance and the professional fee funding market. The company mainly provides funding and funding support systems to clients of insurance brokers and professional firms. Orchard aims to further increase the capital base to enable to support higher levels of borrowing. Its operating business segment is lending. The company operates within the United Kingdom.

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