DNB Bank ASA (FRA:D1NC) Long-Term Capital Lease Obligation : €0 Mil (As of Mar. 2024)

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What is DNB Bank ASA Long-Term Capital Lease Obligation?

DNB Bank ASA's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0 Mil.

DNB Bank ASA's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€0 Mil) to Dec. 2023 (€188 Mil) but then declined from Dec. 2023 (€188 Mil) to Mar. 2024 (€0 Mil).

DNB Bank ASA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€276 Mil) to Dec. 2022 (€249 Mil) and declined from Dec. 2022 (€249 Mil) to Dec. 2023 (€188 Mil).

DNB Bank ASA Long-Term Capital Lease Obligation Historical Data

The historical data trend for DNB Bank ASA'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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DNB Bank ASA Long-Term Capital Lease Obligation Chart

DNB Bank ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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363.83

302.10

275.52

248.90

188.02

DNB Bank ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	188.02	-

DNB Bank ASA (FRA:D1NC) 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.

DNB Bank ASA Long-Term Capital Lease Obligation Related Terms

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DNB Bank ASA (FRA:D1NC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » DNB Bank ASA (FRA:D1NC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

DNBBY:USA DNBBF:USA DNBo:Sweden DNB:Norway DNBo:UK 0O84:UK D1NC:Germany

Address

Dronning Eufemias gate 30, Bjorvika, Oslo, NOR, 0191

Website

https://www.dnb.no

DNB Bank ASA is a Norwegian financial services group. About one fourth of its income derives from its international business, including other parts of Europe, Asia, and the Americas. The group offers a full range of financial services, including loans, savings, advisory services, insurance, and pension products for retail and corporate customers. Just under half of its credit exposure is to personal costumers, overwhelmingly in residential mortgages. The other portion of its credit exposure is to large corporations, diversified across an array of industries, most notably oil and gas, shipping, and commercial real estate. The group's strategy emphasizes cost efficiency and customer service.

DNB Bank ASA (FRA:D1NC) Headlines

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