Axis Bank (FRA:UZC) Long-Term Capital Lease Obligation : €0 Mil (As of Mar. 2024)

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What is Axis Bank Long-Term Capital Lease Obligation?

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

Axis Bank Long-Term Capital Lease Obligation Historical Data

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

Axis Bank Annual Data

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Long-Term Capital Lease Obligation

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Axis Bank Quarterly Data
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Axis Bank (FRA:UZC) 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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Axis Bank (FRA:UZC) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Axis Bank Ltd (FRA:UZC) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

AXISBANK:India 532215:India AXBl:UK AXB:UK

Address

Pandurang Budhkar Marg, Axis House, C-2, Wadia International Centre, Worli, Mumbai, MH, IND, 400 025

Website

https://www.axisbank.com

Axis Bank Ltd is a full-service bank operating mostly in India. The bank operates under four segments: treasury, corporate/wholesale banking, retail banking, and other banking. Treasury operations include security investments and derivative trading. Corporate/wholesale banking solutions include mid/large corporate relationships, corporate advisory, project appraisals, and syndication. Retail banking solutions include lending to individual/small businesses, savings accounts, debit and credit cards, ATMs and mobile banking, personal loans. Other banking operations include third-party product distribution and other banking transactions. A plurality of the bank's loan and advances comes from its corporate customers, while a plurality of its fee income comes from its retail customers.

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