Turkiye Garanti Bankasi AS (STU:GBKB) Long-Term Capital Lease Obligation : €0 Mil (As of Mar. 2024)

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What is Turkiye Garanti Bankasi AS Long-Term Capital Lease Obligation?

Turkiye Garanti Bankasi AS's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0 Mil.

Turkiye Garanti Bankasi AS Long-Term Capital Lease Obligation Historical Data

The historical data trend for Turkiye Garanti Bankasi AS'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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Turkiye Garanti Bankasi AS Long-Term Capital Lease Obligation Chart

Turkiye Garanti Bankasi AS Annual Data

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Long-Term Capital Lease Obligation

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Turkiye Garanti Bankasi AS Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Turkiye Garanti Bankasi AS (STU:GBKB) 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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Turkiye Garanti Bankasi AS (STU:GBKB) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Turkiye Garanti Bankasi AS (STU:GBKB) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

TKGBY:USA TKGBF:USA GARAN:Turkey

Address

Levent Nispetiye Mah. Aytar Cad. No: 2, Besiktas, Istanbul, TUR, 34340

Website

https://www.garantibbva.com.tr

Turkiye Garanti Bankasi AS is an integrated financial services group operating primarily in Turkey, but with subsidiaries in the Netherlands, Russia, and Romania. It is a full-service bank offering corporate, commercial, retail, private, small to midsize enterprise, and investment banking services. Other financial services include insurance, leasing, brokerage, and asset management services. The bank's strategy emphasizes customer service. Its vast majority of its earning assets consist of loans, with strong positioning in consumer loans, mortgages, and auto loans. The company loan portfolio is diversified across various industries, notably real estate and rental services, wholesale and retail trade, and the production industries.

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