Surnadal Sparebank (OSL:SUSB) Long-Term Capital Lease Obligation : kr0.0 Mil (As of Mar. 2021)

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What is Surnadal Sparebank Long-Term Capital Lease Obligation?

Surnadal Sparebank's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2021 was kr0.0 Mil.

Surnadal Sparebank Long-Term Capital Lease Obligation Historical Data

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

Surnadal Sparebank Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Long-Term Capital Lease Obligation

Surnadal Sparebank Quarterly Data
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Surnadal Sparebank (OSL:SUSB) 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.

Surnadal Sparebank Long-Term Capital Lease Obligation Related Terms

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Surnadal Sparebank (OSL:SUSB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Surnadal Sparebank (OSL:SUSB) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Bardshaugvegen 7, Surnadal, NOR, 6650

Website

https://www.bank.no

Surnadal Sparebank is an independent saving bank. It is a medium-sized savings bank with a wide range of products and services within loans, placement, self-service solutions, cards, insurance and real estate.