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Aktia Bank (OHEL:AKTIA) Long-Term Capital Lease Obligation : €0.0 Mil (As of Mar. 2024)


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What is Aktia Bank Long-Term Capital Lease Obligation?

Aktia Bank's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.0 Mil.


Aktia Bank Long-Term Capital Lease Obligation Historical Data

The historical data trend for Aktia 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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Aktia Bank Long-Term Capital Lease Obligation Chart

Aktia Bank Annual Data
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Long-Term Capital Lease Obligation
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Aktia Bank Quarterly Data
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Aktia Bank  (OHEL:AKTIA) 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.

Aktia Bank Long-Term Capital Lease Obligation Related Terms

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Aktia Bank (OHEL:AKTIA) Business Description

Industry
Traded in Other Exchanges
Address
Arkadiankatu 4-6 A, PO Box 207, Helsinki, FIN, 00101
Aktia Bank operates in Finland and offers a broad range of financial services, including banking, asset management, and insurance. The vast majority of its customer base lives in the Helsinki metropolitan area, which accounts for most of its loan and deposit activities. It operates through business segments: banking business, which includes individual, corporate, and institutional customers; and asset management, which includes the firm's asset management business and life insurance arm and Group functions. The majority of revenue comes from the banking business segment.

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