Miton UK MicroCap Trust (LSE:MINI) Long-Term Capital Lease Obligation : £0.00 Mil (As of Oct. 2023)

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What is Miton UK MicroCap Trust Long-Term Capital Lease Obligation?

Miton UK MicroCap Trust's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was £0.00 Mil.

Miton UK MicroCap Trust Long-Term Capital Lease Obligation Historical Data

The historical data trend for Miton UK MicroCap 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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Miton UK MicroCap Trust Long-Term Capital Lease Obligation Chart

Miton UK MicroCap Trust Annual Data

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Long-Term Capital Lease Obligation

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Miton UK MicroCap Trust Semi-Annual Data
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Miton UK MicroCap Trust (LSE:MINI) 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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Miton UK MicroCap Trust (LSE:MINI) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Miton UK MicroCap Trust PLC (LSE:MINI) » Definitions » Long-Term Capital Lease Obligation

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Address

51 New North Road, Beaufort House, Exeter, GBR, EX4 4EP

Website

https://www.mitonukmicrocaptrust.com

Miton UK MicroCap Trust PLC is an investment trust company. It invests in a portfolio of UK-quoted companies to achieve capital growth by investing in a portfolio of stocks that are well placed to generate an attractive cash payback from productivity improvements. The company's only operating segment is the investment business. It invests in a sector such as Utilities, Consumer Services, Consumer Goods, Health Care, Basic Materials, Financial Services, Oil and Gas, Industrials, and Technology.