Monks Investment Trust (The) (LSE:MNKS) Long-Term Capital Lease Obligation : £0.00 Mil (As of Oct. 2023)

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What is Monks Investment Trust (The) Long-Term Capital Lease Obligation?

Monks Investment Trust (The)'s Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was £0.00 Mil.

Monks Investment Trust (The) Long-Term Capital Lease Obligation Historical Data

The historical data trend for Monks Investment Trust (The)'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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Monks Investment Trust (The) Long-Term Capital Lease Obligation Chart

Monks Investment Trust (The) Annual Data

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Long-Term Capital Lease Obligation

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Monks Investment Trust (The) Semi-Annual Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Monks Investment Trust (The) (LSE:MNKS) 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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Monks Investment Trust (The) (LSE:MNKS) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Monks Investment Trust (The) PLC (LSE:MNKS) » Definitions » Long-Term Capital Lease Obligation

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MNKSl:UK

Address

120 London Wall, Moor House, London, GBR, EC2Y 5ET

Website

https://www.monksinvestmenttrust.co.uk

Monks Investment Trust (The) PLC operates as an investment trust. Its investment objective is to invest internationally to achieve capital growth, which takes priority over income and dividends. The company invests principally in a portfolio of internationally quoted equities. It has a presence in North America, Continental Europe, Asia, Japan, and Other Countries. The company invests in Telecommunications, Financials, Consumer Services, Health Care, Consumer Goods, Industrials, Oil and Gas, and Basic Materials.

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