Polar Capital Technology Trust (LSE:PCT) Long-Term Capital Lease Obligation : £0.0 Mil (As of Oct. 2023)

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What is Polar Capital Technology Trust Long-Term Capital Lease Obligation?

Polar Capital Technology Trust's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was £0.0 Mil.

Polar Capital Technology Trust Long-Term Capital Lease Obligation Historical Data

The historical data trend for Polar Capital Technology 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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Polar Capital Technology Trust Long-Term Capital Lease Obligation Chart

Polar Capital Technology Trust Annual Data

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Long-Term Capital Lease Obligation

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Polar Capital Technology Trust Semi-Annual Data
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Polar Capital Technology Trust (LSE:PCT) 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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Polar Capital Technology Trust (LSE:PCT) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Polar Capital Technology Trust PLC (LSE:PCT) » Definitions » Long-Term Capital Lease Obligation

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PCTl:UK

Address

16 Palace Street, London, GBR, SW1E 5JD

Website

https://www.polarcapitaltechnologytrust.co.uk

Polar Capital Technology Trust PLC is a UK-based investment trust company. The company's investment objective is to maximize long-term capital growth by investing in a diversified portfolio of technology companies across the world. Geographically, the company earns investment income from North America, Europe, and the Asia Pacific region. It invests in Software, Interactive Media and Services, Semiconductors and Semiconductor Equipment, Technology Hardware, Storage and Peripherals, Internet and Direct Marketing Retail, IT Services, Entertainment, and other sectors.