Secure Trust Bank (AQSE:STB.GB) Long-Term Capital Lease Obligation : £0.0 Mil (As of Jun. 2024)

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What is Secure Trust Bank Long-Term Capital Lease Obligation?

Secure Trust Bank's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was £0.0 Mil.

Secure Trust Bank Long-Term Capital Lease Obligation Historical Data

The historical data trend for Secure Trust Bank'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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Secure Trust Bank Long-Term Capital Lease Obligation Chart

Secure Trust Bank Annual Data

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Long-Term Capital Lease Obligation

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Secure Trust Bank Semi-Annual Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Secure Trust Bank (AQSE:STB.GB) 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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Secure Trust Bank Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Secure Trust Bank PLC (AQSE:STB.GB) » Definitions » Long-Term Capital Lease Obligation

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Address

Arleston Way, Yorke House, Solihull, West Midlands, GBR, B90 4LH

Website

https://www.securetrustbank.com

Secure Trust Bank PLC is an established, well-funded and capitalised UK retail bank. The Group's diversified lending portfolio currently focuses on two sectors: (1) Business finance through its Real Estate Finance and Commercial Finance divisions, and (ii) Consumer finance through its Vehicle Finance and Retail Finance divisions. The bank is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

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