Palace Capital (LSE:PCA) Long-Term Capital Lease Obligation : £0.00 Mil (As of Sep. 2023)

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What is Palace Capital Long-Term Capital Lease Obligation?

Palace Capital's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.00 Mil.

Palace Capital's quarterly Long-Term Capital Lease Obligation stayed the same from Sep. 2022 (£1.08 Mil) to Mar. 2023 (£1.08 Mil) but then declined from Mar. 2023 (£1.08 Mil) to Sep. 2023 (£0.00 Mil).

Palace Capital's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (£1.80 Mil) to Mar. 2022 (£1.08 Mil) and declined from Mar. 2022 (£1.08 Mil) to Mar. 2023 (£1.08 Mil).

Palace Capital Long-Term Capital Lease Obligation Historical Data

The historical data trend for Palace Capital'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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Palace Capital Long-Term Capital Lease Obligation Chart

Palace Capital Annual Data

Trend

Jan13

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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1.59

1.96

1.80

1.08

Palace Capital Semi-Annual Data
	Jan14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.80	1.08	1.08	1.08	-

Palace Capital (LSE:PCA) 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.

Palace Capital Long-Term Capital Lease Obligation Related Terms

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Palace Capital (LSE:PCA) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Palace Capital PLC (LSE:PCA) » Definitions » Long-Term Capital Lease Obligation

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PCAl:UK

Address

6-8 Greencoat Place, Fora Victoria, London, GBR, SW1P 1PL

Website

https://www.palacecapitalplc.com

Palace Capital PLC is a property investment company. Its property portfolio includes investment properties located throughout England, predominantly regional investments outside London, and comprises a diverse portfolio of commercial buildings. The company generates revenue in the form of Rent. Its only reportable segment is an Investment property. The company's properties include Hudson House, York; Fraser House, Staines, Milton Keynes, and Midsummer Boulevard.

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