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KBC Groupe NV (FRA:KDB) Long-Term Capital Lease Obligation : €0 Mil (As of Sep. 2024)


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What is KBC Groupe NV Long-Term Capital Lease Obligation?

KBC Groupe NV's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was €0 Mil.


KBC Groupe NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for KBC Groupe 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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KBC Groupe NV Long-Term Capital Lease Obligation Chart

KBC Groupe NV Annual Data
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Long-Term Capital Lease Obligation
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KBC Groupe NV Quarterly Data
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KBC Groupe NV  (FRA:KDB) 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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KBC Groupe NV Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » KBC Groupe NV (FRA:KDB) » Definitions » Long-Term Capital Lease Obligation
Address
Havenlaan 2, Brussels, BEL, 1080
KBC was formed in 1998 by the merger of Belgian commercial bank Kredietbank, cooperative farmers bank CERA Bank, and cooperative insurer ABB Verzekering. KBC offers banking, insurance, and investment products. Belgium and the Czech Republic account for the most of KBC's profits, while the bank has smaller operations in Hungary, Slovakia, and Bulgaria.

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