Octopus Renewables Infrastructure Trust (LSE:ORIT) Long-Term Capital Lease Obligation : £0.00 Mil (As of Dec. 2023)

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What is Octopus Renewables Infrastructure Trust Long-Term Capital Lease Obligation?

Octopus Renewables Infrastructure Trust's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.00 Mil.

Octopus Renewables Infrastructure Trust Long-Term Capital Lease Obligation Historical Data

The historical data trend for Octopus Renewables Infrastructure 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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Octopus Renewables Infrastructure Trust Long-Term Capital Lease Obligation Chart

Octopus Renewables Infrastructure Trust Annual Data

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Long-Term Capital Lease Obligation

Octopus Renewables Infrastructure Trust Semi-Annual Data
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Octopus Renewables Infrastructure Trust (LSE:ORIT) 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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Octopus Renewables Infrastructure Trust (LSE:ORIT) Business Description

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ORITl:UK

Address

125 London Wall, 6th Floor, London, GBR, EC2Y 5AS

Website

https://www.octopusrenewablesinfrastructure.com

Octopus Renewables Infrastructure Trust PLC is an investment company. It invests in a diversified portfolio of Renewable Energy Assets in Europe and Australia. The company's investment objective is to provide investors with an attractive and sustainable level of income returns, with an element of capital growth, by investing in a diversified portfolio.

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