Sparebank 1 Ostfold Akershus (OSL:SOAG) Long-Term Capital Lease Obligation : kr0 Mil (As of Dec. 2023)

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What is Sparebank 1 Ostfold Akershus Long-Term Capital Lease Obligation?

Sparebank 1 Ostfold Akershus's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr0 Mil.

Sparebank 1 Ostfold Akershus Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sparebank 1 Ostfold Akershus'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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Sparebank 1 Ostfold Akershus Long-Term Capital Lease Obligation Chart

Sparebank 1 Ostfold Akershus Annual Data

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Long-Term Capital Lease Obligation

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Sparebank 1 Ostfold Akershus Quarterly Data
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Sparebank 1 Ostfold Akershus (OSL:SOAG) 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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Sparebank 1 Ostfold Akershus (OSL:SOAG) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sparebank 1 Ostfold Akershus (OSL:SOAG) » Definitions » Long-Term Capital Lease Obligation

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Address

Kongensgate 21, Moss, NOR, 1501

Website

https://www2.sparebank1.no

Sparebank 1 Ostfold Akershus is a regional savings bank operating through SpareBank 1 Corp. It offers a range of financial services including loans, savings, advice, insurance and pensions to personal and corporate customers. The Bank also offers credit cards, debit cards, structured products, stock savings, mobile banking and online banking services.

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