North Americanome Trust (The) (LSE:NAIT) Long-Term Capital Lease Obligation : £0.00 Mil (As of Jan. 2024)

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What is North Americanome Trust (The) Long-Term Capital Lease Obligation?

North Americanome Trust (The)'s Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was £0.00 Mil.

North Americanome Trust (The) Long-Term Capital Lease Obligation Historical Data

The historical data trend for North Americanome 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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North Americanome Trust (The) Long-Term Capital Lease Obligation Chart

North Americanome Trust (The) Annual Data

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Long-Term Capital Lease Obligation

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

North Americanome Trust (The) (LSE:NAIT) 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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North Americanome Trust (The) (LSE:NAIT) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » North American Income Trust (The) PLC (LSE:NAIT) » Definitions » Long-Term Capital Lease Obligation

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NAITl:UK

Address

1 George Street, Edinburgh, GBR, EH2 2LL

Website

https://www.northamericanincome.co.uk

The North American Income Trust PLC is a closed-end investment company. The objective of the company is to provide investors with above average dividend income and long-term capital growth through active management of a portfolio consisting predominately of S&P 500 US equities.

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