Gronlandsbanken AS (OCSE:GRLA) Long-Term Capital Lease Obligation : kr0.0 Mil (As of Sep. 2024)

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What is Gronlandsbanken AS Long-Term Capital Lease Obligation?

Gronlandsbanken AS's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was kr0.0 Mil.

Gronlandsbanken AS Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gronlandsbanken AS'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.
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Gronlandsbanken AS Long-Term Capital Lease Obligation Chart

Gronlandsbanken AS Annual Data

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Long-Term Capital Lease Obligation

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Gronlandsbanken AS Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Gronlandsbanken AS (OCSE:GRLA) 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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Gronlandsbanken AS Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Gronlandsbanken AS (OCSE:GRLA) » Definitions » Long-Term Capital Lease Obligation

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Address

Imaneq 33, Post Box 1033, Nuuk, GRL, 3900

Website

https://www.banken.gl

Gronlandsbanken AS is a Greenland-based bank engaged in consultancy and financial services in Greenland. The bank's products and services are provided to private customers and commercial enterprises. The company offers home banking, mortgage loans, savings accounts, pension funds, insurance, payment transfers, and investment advisory services. It also operates an electronic banking platform, named Netbank, which enables access to a range of facilities, such as payments, transfers, and invoices.

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