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Arbuthnot Banking Group (LSE:ARBB) Long-Term Capital Lease Obligation : £0.0 Mil (As of Dec. 2023)


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What is Arbuthnot Banking Group Long-Term Capital Lease Obligation?

Arbuthnot Banking Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.0 Mil.


Arbuthnot Banking Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Arbuthnot Banking Group'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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Arbuthnot Banking Group Long-Term Capital Lease Obligation Chart

Arbuthnot Banking Group Annual Data
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Long-Term Capital Lease Obligation
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Arbuthnot Banking Group Semi-Annual Data
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Arbuthnot Banking Group  (LSE:ARBB) 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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Arbuthnot Banking Group (LSE:ARBB) Business Description

Traded in Other Exchanges
Address
7 Wilson Street, Arbuthnot House, London, GBR, EC2M 2SN
Arbuthnot Banking Group PLC is a United Kingdom-based company that provides banking and financial services. Its business segments are Banking, Wealth Management, Mortgage Portfolios, RAF, ACABL, ASFL, AAG, All Other Divisions, and Group centers. It Group's revenues are derived from a combination of net interest income from lending, deposit-taking, and treasury activities, fees for services provided, and commission earned on the sale of financial products.

Arbuthnot Banking Group (LSE:ARBB) Headlines