Polar Capital Global Financials Trust (LSE:PCFT) Long-Term Capital Lease Obligation : £0.00 Mil (As of Nov. 2023)

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What is Polar Capital Global Financials Trust Long-Term Capital Lease Obligation?

Polar Capital Global Financials Trust's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was £0.00 Mil.

Polar Capital Global Financials Trust Long-Term Capital Lease Obligation Historical Data

The historical data trend for Polar Capital Global Financials 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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Polar Capital Global Financials Trust Long-Term Capital Lease Obligation Chart

Polar Capital Global Financials Trust Annual Data

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Long-Term Capital Lease Obligation

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Polar Capital Global Financials Trust Semi-Annual Data
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Polar Capital Global Financials Trust (LSE:PCFT) 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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Polar Capital Global Financials Trust (LSE:PCFT) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Polar Capital Global Financials Trust PLC (LSE:PCFT) » Definitions » Long-Term Capital Lease Obligation

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PCFTl:UK

Address

16 Palace Street, London, GBR, SW1E 5JD

Website

https://www.polarcapitalglobalfinancialstrust.com

Polar Capital Global Financials Trust PLC is an asset management firm based in the United Kingdom. Its core objective is to provide its investors with a growing dividend income with capital appreciation. To achieve this, the company invests in listed or quoted securities issued by companies in the financial sector operating in the banking, insurance, property, and other subsectors. Its portfolio entails equities, index-linked and other debt securities, cash deposits, money market instruments, foreign currency exchange transactions, forward transactions, index options, and other instruments, including derivatives. It has a diversified portfolio of investments in different geographical regions such as North America, Europe, Asia, the United Kingdom, Latin America, Japan, and East Europe.

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