ING Groep NV (WBO:INGA) Long-Term Capital Lease Obligation : €1,162 Mil (As of Dec. 2023)

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What is ING Groep NV Long-Term Capital Lease Obligation?

ING Groep NV's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1,162 Mil.

ING Groep NV'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 (€1,162 Mil).

ING Groep NV's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€1,220 Mil) to Dec. 2022 (€1,174 Mil) and declined from Dec. 2022 (€1,174 Mil) to Dec. 2023 (€1,162 Mil).

ING Groep NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for ING Groep 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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ING Groep NV Long-Term Capital Lease Obligation Chart

ING Groep NV Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

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Dec23

Long-Term Capital Lease Obligation

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1,507.00

1,339.00

1,220.00

1,174.00

1,162.00

ING Groep NV 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															1,174.00	-	-	-	1,162.00

ING Groep NV (WBO:INGA) 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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ING Groep NV (WBO:INGA) Business Description

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Traded in Other Exchanges

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Address

Bijlmerdreef 106, Amsterdam, NLD, 1102 CT

Website

https://www.ing.com

The merger of the Dutch postal bank and NN Insurance in 1991 created ING. Through a series of further acquisitions ING build up a global footprint. The 2008 financial crisis forced ING to seek government support—a precondition of which was that ING should separate its banking and insurance activities, which saw ING revert to being solely a bank. ING has market-leading banking operations in the Netherlands and Belgium, and a range of digital banks across Europe and Australia. Its global wholesale banking operation is primarily focused on lending.

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