Alpha Growth (LSE:ALGW) Long-Term Capital Lease Obligation : £0.17 Mil (As of Dec. 2023)

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What is Alpha Growth Long-Term Capital Lease Obligation?

Alpha Growth's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.17 Mil.

Alpha Growth's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (£0.24 Mil) to Jun. 2023 (£0.20 Mil) and declined from Jun. 2023 (£0.20 Mil) to Dec. 2023 (£0.17 Mil).

Alpha Growth's annual Long-Term Capital Lease Obligation increased from Aug. 2020 (£0.00 Mil) to Dec. 2022 (£0.24 Mil) but then declined from Dec. 2022 (£0.24 Mil) to Dec. 2023 (£0.17 Mil).

Alpha Growth Long-Term Capital Lease Obligation Historical Data

The historical data trend for Alpha Growth'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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Alpha Growth Long-Term Capital Lease Obligation Chart

Alpha Growth Annual Data

Trend

Aug16

Aug17

Aug18

Aug19

Aug20

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.24

0.17

Alpha Growth Semi-Annual Data
	Aug17	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						-	0.21	0.24	0.20	0.17

Alpha Growth (LSE:ALGW) 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.

Alpha Growth Long-Term Capital Lease Obligation Related Terms

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Alpha Growth (LSE:ALGW) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Alpha Growth PLC (LSE:ALGW) » Definitions » Long-Term Capital Lease Obligation

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Address

35 Berkeley Square, Mayfair, London, GBR, W1J 5BF

Website

https://www.algwplc.com

Alpha Growth PLC is a financial advisory company that provides advice and consultancy services to existing institutional and prospective holders of Senior Life Settlements (SLS). It offers advisory services, strategies, performance monitoring, and analytical services to existing and prospective holders of SLS Assets, mainly through acquisition strategies, performance monitoring, and analytical services. The company provides advisory services to the SPVs and the corporate finance adviser engaged for the bond issue and acquisition.

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