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Van Lanschot Kempen NV (XAMS:VLK) Long-Term Capital Lease Obligation : €0.0 Mil (As of Dec. 2023)


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What is Van Lanschot Kempen NV Long-Term Capital Lease Obligation?

Van Lanschot Kempen NV's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.0 Mil.


Van Lanschot Kempen NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Van Lanschot Kempen NV'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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Van Lanschot Kempen NV Long-Term Capital Lease Obligation Chart

Van Lanschot Kempen NV Annual Data
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Long-Term Capital Lease Obligation
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Van Lanschot Kempen NV Semi-Annual Data
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Van Lanschot Kempen NV  (XAMS:VLK) 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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Van Lanschot Kempen NV (XAMS:VLK) Business Description

Industry
Traded in Other Exchanges
Address
Hooge Steenweg 29, 's-Hertogenbosch, NLD, 5211 JN
Van Lanschot Kempen NV is an independent wealth management bank operating primarily in the Netherlands. Its key areas of service include private banking, Evi, asset management, and merchant banking, which drive the vast majority of operating income. most of the bank's earning assets are loans and advances, a majority of which are mortgages. The bank seeks to differentiate itself from traditional competitors with its focus on niche markets and brand recognition. Private banking is the bank's largest core segment. Its private banking customers are mostly entrepreneurs, family businesses, business professionals, executives, and high-net-worth individuals. The most notable portion of the bank's corporate lending book is in the real estate industry.

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