Avanza Bank Holding AB (LTS:0NUK) Long-Term Capital Lease Obligation : kr0 Mil (As of Mar. 2024)

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What is Avanza Bank Holding AB Long-Term Capital Lease Obligation?

Avanza Bank Holding AB's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr0 Mil.

Avanza Bank Holding AB Long-Term Capital Lease Obligation Historical Data

The historical data trend for Avanza Bank Holding AB'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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Avanza Bank Holding AB Long-Term Capital Lease Obligation Chart

Avanza Bank Holding AB Annual Data

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Long-Term Capital Lease Obligation

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Avanza Bank Holding AB Quarterly Data
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Avanza Bank Holding AB (LTS:0NUK) 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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Avanza Bank Holding AB (LTS:0NUK) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Avanza Bank Holding AB (LTS:0NUK) » Definitions » Long-Term Capital Lease Obligation

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AZA:Sweden AZAs:UK

Address

Regeringsgatan 103, Box 1399, Stockholm, SWE, SE-111 93

Website

https://www.avanza.se

Avanza Bank Holding AB is a digital bank that operates in Sweden and serves primarily private customers. The bank emphasizes its online strategy to drive lower costs for its deposit base based on the law of large numbers. Its cost base is centered on a high percentage of fixed costs, primarily personnel costs. The bank does not charge its customers fixed fees or deposit fees. Income is generated when customers carry out transaction themselves, primarily through brokerage fees from securities trading, net interest income from deposits and lending, fund commissions, foreign exchange income, and other income from suppliers of investment products. Over the long term, income growth depends on the bank's ability to grow savings capital.

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