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Octopus Apollo VCT (LSE:OAP3) Long-Term Capital Lease Obligation : £0.00 Mil (As of Jul. 2023)


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What is Octopus Apollo VCT Long-Term Capital Lease Obligation?

Octopus Apollo VCT's Long-Term Capital Lease Obligation for the quarter that ended in Jul. 2023 was £0.00 Mil.


Octopus Apollo VCT Long-Term Capital Lease Obligation Historical Data

The historical data trend for Octopus Apollo VCT'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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Octopus Apollo VCT Long-Term Capital Lease Obligation Chart

Octopus Apollo VCT Annual Data
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Long-Term Capital Lease Obligation
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Octopus Apollo VCT Semi-Annual Data
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Octopus Apollo VCT  (LSE:OAP3) 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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Octopus Apollo VCT (LSE:OAP3) Business Description

Traded in Other Exchanges
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Address
33 Holborn, 6th Floor, London, GBR, EC1N 2HT
Octopus Apollo VCT PLC is a venture capital trust company based in the United Kingdom. The company aims to provide shareholders with attractive tax-free dividends and long-term capital growth by investing in a diverse portfolio of predominantly unquoted companies. The company's portfolio of investments comprises of various unquoted investment instruments, including ordinary and preference shares, loan stocks and convertible securities, to achieve an appropriate balance of income and capital growth. It holds a diversified portfolio by investing in a broad range of industry sectors.

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