Ringkjoebing Landbobank AS (OCSE:RILBA) Long-Term Capital Lease Obligation : kr0 Mil (As of Sep. 2024)

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What is Ringkjoebing Landbobank AS Long-Term Capital Lease Obligation?

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

Ringkjoebing Landbobank AS Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ringkjoebing Landbobank 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.
* 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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Ringkjoebing Landbobank AS Long-Term Capital Lease Obligation Chart

Ringkjoebing Landbobank AS Annual Data

Trend

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Long-Term Capital Lease Obligation

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

Ringkjoebing Landbobank AS (OCSE:RILBA) 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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Ringkjoebing Landbobank AS Business Description

Industry

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

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Traded in Other Exchanges

RILBAc:UK 0RPR:UK CJ2:Germany

Address

Torvet 1, Ringkobing, DNK, 6950

Website

http://www.landbobanken.com

Ringkjoebing Landbobank AS is a bank that carries out its operating activities in Denmark. A majority of the bank's core income is net interest income. Maximum of the bank's net fees, commissions, and foreign exchange income are derived from asset management, followed by guarantee commissions, securities trading, and custody accounts. The bank's capital objective is to maintain capitalization for future growth while covering any fluctuation of the risks it assumes. The bank's credit is diversified to the energy business, as well as financial services, real property, and agriculture. The services offered are Online banking, Mobile banking, MasterCard, MobilePay, Currency calculator, Block card, MitID etc.

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