Mandatum (OHEL:MANTA) Long-Term Capital Lease Obligation : €0.0 Mil (As of Mar. 2024)

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What is Mandatum Long-Term Capital Lease Obligation?

Mandatum's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.0 Mil.

Mandatum's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (€0.0 Mil) to Dec. 2023 (€23.0 Mil) but then declined from Dec. 2023 (€23.0 Mil) to Mar. 2024 (€0.0 Mil).

Mandatum's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€0.0 Mil) to Dec. 2022 (€21.0 Mil) and increased from Dec. 2022 (€21.0 Mil) to Dec. 2023 (€23.0 Mil).

Mandatum Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mandatum'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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Mandatum Long-Term Capital Lease Obligation Chart

Mandatum Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

21.00

23.00

Mandatum Quarterly Data
	Dec22	Mar23	Dec23	Mar24
Long-Term Capital Lease Obligation	21.00	-	23.00	-

Mandatum (OHEL:MANTA) 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.

Mandatum Long-Term Capital Lease Obligation Related Terms

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Mandatum (OHEL:MANTA) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Mandatum PLC (OHEL:MANTA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MANDF:USA 0MAN:UK N2S:Germany

Address

Bulevardi 56, Helsinki, FIN, 00120

Website

Mandatum PLC is a financial services provider offering a wide array of services covering asset and wealth management, savings and investment, compensation and rewards, complimentary pension plans and personal risk insurance to corporates, retail customers as well as institutional and wealth management customers. Mandatum serves a network of 20,000 Finnish corporates through its highly skilled sales force and customer relationship personnel, which gives opportunity to cross sell products from its broad offering.

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