Bancontander (Bancontander) Long-Term Capital Lease Obligation

: $1,978 Mil (As of Dec. 2023)

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Bancontander's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,978 Mil.

Bancontander's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 ($0 Mil) to Sep. 2023 ($0 Mil) but then increased from Sep. 2023 ($0 Mil) to Dec. 2023 ($1,978 Mil).

Bancontander's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($2,447 Mil) to Dec. 2022 ($2,029 Mil) and declined from Dec. 2022 ($2,029 Mil) to Dec. 2023 ($1,978 Mil).

Bancontander Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bancontander'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.

* Premium members only.

Bancontander Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4,824.44

2,986.62

2,447.46

2,028.60

1,978.19

Bancontander Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2,028.60	-	-	-	1,978.19

Bancontander (NYSE:SAN) 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.

Bancontander Long-Term Capital Lease Obligation Related Terms

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Bancontander (Bancontander) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Santander SA (NYSE:SAN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

BCDRF:USA SAN:Poland SANT:Italy SANe:UK 0HLE:UK BNC:UK SAN:Spain BSDK:Germany BSD2:Germany BSD2:Germany BSD2:Germany BSDK:Germany BSD2:Germany BCSA34:Brazil SAN:Austria SAN:Argentina

Address

Avenida de Cantabria s/n, Boadilla del Monte, Ciudad Grupo Santander, Madrid, ESP, 28660

Website

https://www.santander.com

Santander's focus is on retail and commercial banking. Latin America is geographically the most significant operation, with Brazil making the largest contribution. Its continental European business is mainly in Spain and Portugal. Santander's U.K. presence is the result of its acquisition of Abbey building society. In the U.S., Santander operates a vehicle finance business and a regional bank focused on the Northeastern states.