ProVen Growth &ome VCT (LSE:PGOO) Long-Term Capital Lease Obligation : £0.00 Mil (As of Feb. 2023)

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What is ProVen Growth &ome VCT Long-Term Capital Lease Obligation?

ProVen Growth &ome VCT's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2023 was £0.00 Mil.

ProVen Growth &ome VCT Long-Term Capital Lease Obligation Historical Data

The historical data trend for ProVen Growth &ome 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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ProVen Growth &ome VCT Long-Term Capital Lease Obligation Chart

ProVen Growth &ome VCT Annual Data

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Long-Term Capital Lease Obligation

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ProVen Growth &ome VCT Semi-Annual Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

ProVen Growth &ome VCT (LSE:PGOO) 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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ProVen Growth &ome VCT (LSE:PGOO) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » ProVen Growth & Income VCT PLC (LSE:PGOO) » Definitions » Long-Term Capital Lease Obligation

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Address

39 Earlham Street, London, GBR, WC2H 9LT

Website

https://www.provenvcts.co.uk

ProVen Growth & Income VCT PLC operates as a venture capital trust (VCT). The company's investment objective is to achieve long-term returns greater than those available from investing in a portfolio of quoted companies, by investing in a portfolio of carefully selected qualifying investments in small and medium-sized unquoted companies with excellent growth prospects and a portfolio of non-qualifying investments including cash, liquidity funds, fixed interest securities, debt and debt-related securities in growth companies and non-qualifying venture capital investments, within the conditions imposed on all VCTs and to minimise the risk of each investment and the portfolio as a whole. Its portfolio of investments includes some sectors such as Technology, Healthcare and Business Services.

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