Banca Popolare di Sondrio SpA (LTS:0NWJ) Long-Term Capital Lease Obligation : €0 Mil (As of Mar. 2024)

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What is Banca Popolare di Sondrio SpA Long-Term Capital Lease Obligation?

Banca Popolare di Sondrio SpA's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0 Mil.

Banca Popolare di Sondrio SpA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Banca Popolare di Sondrio SpA'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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Banca Popolare di Sondrio SpA Long-Term Capital Lease Obligation Chart

Banca Popolare di Sondrio SpA Annual Data

Trend

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Long-Term Capital Lease Obligation

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Banca Popolare di Sondrio SpA Quarterly Data
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Banca Popolare di Sondrio SpA (LTS:0NWJ) 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.

Banca Popolare di Sondrio SpA Long-Term Capital Lease Obligation Related Terms

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Banca Popolare di Sondrio SpA (LTS:0NWJ) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banca Popolare di Sondrio SpA (LTS:0NWJ) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

BPSO:Italy 593:Germany

Address

Piazza Garibaldi, 16, Sondrio, ITA, 23100

Website

https://www.popso.it

Banca Popolare di Sondrio SpA is a full-service cooperative bank operating primarily in Northern Italy but also in Central Italy and Switzerland. The bank's overall strategy is geared toward sustaining local economies, particularly small- and medium-sized businesses and households. most of the bank's business is generated through business banking, followed by individual banking activities. The bank generates most of its net revenue through net interest income, followed by net fees and commissions and net trading income. A majority of the bank's earning assets are mortgage loans. The bank's lending strategy revolves around a low propensity for risk and an emphasis on diversification.

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