Banca Mediolanum (FRA:ME1) Long-Term Capital Lease Obligation : €0 Mil (As of Sep. 2023)

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What is Banca Mediolanum Long-Term Capital Lease Obligation?

Banca Mediolanum's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was €0 Mil.

Banca Mediolanum Long-Term Capital Lease Obligation Historical Data

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

Banca Mediolanum Annual Data

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Long-Term Capital Lease Obligation

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Banca Mediolanum Quarterly Data
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Banca Mediolanum (FRA:ME1) 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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Banca Mediolanum (FRA:ME1) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banca Mediolanum (FRA:ME1) » Definitions » Long-Term Capital Lease Obligation

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BNMDF:USA BNCDY:USA BMED:Italy 0RDO:UK

Address

Palazzo Meucci, Via Francesco Sforza, 15, Basiglio, ITA, 20080

Website

http://www.mediolanum.it

Banca Mediolanum is an Italy-based company which provides banking and financial services. It operates with various segments namely Lending which includes Retail and Commercial Banking, Treasury activities which has trading and sales, Asset Management and Retail Brokerage. The company offers current accounts, mortgages and loan products; credit, debit, and rechargeable cards and investment products. Geographically, it operates the market of Italy, Spain, and Germany of which Italy accounts for a larger share of revenue.

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