Seraphim Space Investment Trust (LSE:SSIT) Long-Term Capital Lease Obligation : £0.00 Mil (As of Dec. 2023)

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What is Seraphim Space Investment Trust Long-Term Capital Lease Obligation?

Seraphim Space Investment Trust's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.00 Mil.

Seraphim Space Investment Trust Long-Term Capital Lease Obligation Historical Data

The historical data trend for Seraphim Space Investment 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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Seraphim Space Investment Trust Long-Term Capital Lease Obligation Chart

Seraphim Space Investment Trust Annual Data

Trend

Jun22

Jun23

Long-Term Capital Lease Obligation

Seraphim Space Investment Trust Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
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Seraphim Space Investment Trust (LSE:SSIT) 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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Seraphim Space Investment Trust (LSE:SSIT) Business Description

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SSITl:UK

Address

20 Fenchurch Street, 5th Floor, London, GBR, EC3M 3BY

Website

https://www.seraphim.vc

Seraphim Space Investment Trust PLC is a closed-ended investment company that invests in Space Tech businesses. Its investment objective is to generate capital growth over the long term through investment in the diversified international portfolio of Space Tech businesses that rely on space-based connectivity or precision, navigation and timing signals or whose technology or services are already addressing, originally derived from, or of potential benefit to the space sector.