Norion Bank AB (OSTO:NORION) Long-Term Capital Lease Obligation : kr0 Mil (As of Mar. 2024)

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What is Norion Bank AB Long-Term Capital Lease Obligation?

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

Norion Bank AB Long-Term Capital Lease Obligation Historical Data

The historical data trend for Norion Bank 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.
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Norion Bank AB Long-Term Capital Lease Obligation Chart

Norion Bank AB Annual Data

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Long-Term Capital Lease Obligation

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Norion Bank AB Quarterly Data
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Norion Bank AB (OSTO:NORION) 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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Norion Bank AB (OSTO:NORION) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Norion Bank AB (OSTO:NORION) » Definitions » Long-Term Capital Lease Obligation

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Address

Lilla Bommens Torg 11, Goteborg, SWE, 411 04

Website

https://www.collector.se

Norion Bank AB, formerly Collector Bank AB specializes in financing solutions for corporate and private individuals, with particular focus on small and medium-sized companies. The main business is conducted through four segments namely Corporate, Real estate, Consumer and Payments. The Corporate segment includes corporate loans and factoring directed mainly at small and medium-sized companies in a wide range of industries in Sweden, Norway and Finland. The Real estate segment comprises real estate loans focusing on metropolitan areas and university cities in the Nordic region and the Consumer segment offers unsecured loans to private individuals The Payments segment offers payment and checkout solutions for e-commerce and retail chains.

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