RIT Capital Partners (LSE:RCP) Long-Term Capital Lease Obligation : £0.0 Mil (As of Dec. 2023)

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What is RIT Capital Partners Long-Term Capital Lease Obligation?

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

RIT Capital Partners Long-Term Capital Lease Obligation Historical Data

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

RIT Capital Partners Annual Data

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Long-Term Capital Lease Obligation

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RIT Capital Partners Semi-Annual Data
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RIT Capital Partners (LSE:RCP) 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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RIT Capital Partners (LSE:RCP) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RIT Capital Partners PLC (LSE:RCP) » Definitions » Long-Term Capital Lease Obligation

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RCPl:UK

Address

27 St James's Place, London, GBR, SW1A 1NR

Website

https://www.ritcap.com

RIT Capital Partners PLC is a United Kingdom-based investment trust. Its investment objective is to facilitate long-term capital growth by obtaining a capital value that exceeds the relevant indices over time. The company invests in a diversified, international portfolio across quoted and unquoted asset classes, provided every investment has something unique to offer. Its operating segment includes RIT; JRCM and SHL. Geographically, it has a presence in Asia; the US; Europe; Japan, and other countries.

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