Smithson Investment Trust (LSE:SSON) Long-Term Capital Lease Obligation : £0.0 Mil (As of Dec. 2023)

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What is Smithson Investment Trust Long-Term Capital Lease Obligation?

Smithson Investment Trust's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.0 Mil.

Smithson Investment Trust Long-Term Capital Lease Obligation Historical Data

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

Smithson Investment Trust Annual Data

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Long-Term Capital Lease Obligation

Smithson Investment Trust Semi-Annual Data
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Smithson Investment Trust (LSE:SSON) 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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Smithson Investment Trust (LSE:SSON) Business Description

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SSONl:UK

Address

125 London Wall, 6th Floor, London, GBR, EC2Y 5AS

Website

https://www.smithson.co.uk

Smithson Investment Trust PLC operates as an investment company. Its investment objective is to provide shareholders with long term growth in value through exposure to a diversified portfolio of shares issued by listed or traded companies. The company invests in various sectors such as Materials; Financials; Consumer Staples; Communication Services; Consumer Discretionary; Healthcare; Industrials and Information Technology. Geographically, it operates in Latin America; Eurasia, the Middle East, Africa; Asia Pacific; North America and Europe.

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