Santander UK (Santander UK) Long-Term Capital Lease Obligation : $140.51 Mil (As of Dec. 2023)

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What is Santander UK Long-Term Capital Lease Obligation?

Santander UK's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $140.51 Mil.

Santander UK's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($152.25 Mil) to Jun. 2023 ($0.00 Mil) but then increased from Jun. 2023 ($0.00 Mil) to Dec. 2023 ($140.51 Mil).

Santander UK's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($175.53 Mil) to Dec. 2022 ($152.25 Mil) and declined from Dec. 2022 ($152.25 Mil) to Dec. 2023 ($140.51 Mil).

Santander UK Long-Term Capital Lease Obligation Historical Data

The historical data trend for Santander UK'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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Santander UK Long-Term Capital Lease Obligation Chart

Santander UK Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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179.55

130.38

175.53

152.25

140.51

Santander UK Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															175.53	-	152.25	-	140.51

Santander UK (OTCPK:STNDF.PFD) 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.

Santander UK Long-Term Capital Lease Obligation Related Terms

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Santander UK (Santander UK) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Santander UK PLC (OTCPK:STNDF.PFD) » Definitions » Long-Term Capital Lease Obligation

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SANB.PFD:UK SAN.PFD:UK

Address

2 Triton Square, Regent's Place, London, GBR, NW1 3AN

Website

https://www.santander.co.uk

Santander UK PLC operates as a financial services provider in the United Kingdom that provides a range of banking and financial products and services to personal, business, and public sectors. The company deposit products include interest-bearing and non-interest-bearing current and demand accounts, savings accounts, and time deposits. It offers residential mortgage loans, personal loans, credit cards, consumer finance, overdrafts, business banking products, as well as insurance policies. The company's segments include Retail Banking, Consumer Finance, Corporate and Commercial Banking and Corporate Centre. It generates a majority of its revenue from the retail banking segment.

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