Bank of Siauliai AB (OVSE:SAB1L) Long-Term Capital Lease Obligation : €0.0 Mil (As of Sep. 2024)

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What is Bank of Siauliai AB Long-Term Capital Lease Obligation?

Bank of Siauliai AB's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was €0.0 Mil.

Bank of Siauliai AB Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bank of Siauliai 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.
* 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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Bank of Siauliai AB Long-Term Capital Lease Obligation Chart

Bank of Siauliai AB Annual Data

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Long-Term Capital Lease Obligation

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Bank of Siauliai AB Quarterly Data
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Bank of Siauliai AB (OVSE:SAB1L) 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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Bank of Siauliai AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Siauliai AB (OVSE:SAB1L) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

ZH5:Germany

Address

Tilzes Street 149, Siauliai, LTU, LT-76348

Website

https://www.sb.lt

Bank of Siauliai AB provides lending to small and medium-sized business. The company accepts deposits, issues loans, makes money transfers and documentary settlements, exchanges currencies for its clients, issues and processes debit and credit cards. It is also engaged in trade finance and is investing and trading in securities. The bank has four business segments: Traditional banking operations and lending; Treasury; Non-core banking activities; and Other activities. It earns the majority of its income from the traditional banking operations and lending segment.

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