Bank Bradesco (Bank Bradesco) Long-Term Capital Lease Obligation

: $739 Mil (As of Dec. 2023)

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Bank Bradesco's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $739 Mil.

Bank Bradesco's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($885 Mil) to Sep. 2023 ($802 Mil) and declined from Sep. 2023 ($802 Mil) to Dec. 2023 ($739 Mil).

Bank Bradesco's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($824 Mil) to Dec. 2022 ($876 Mil) but then declined from Dec. 2022 ($876 Mil) to Dec. 2023 ($739 Mil).

Bank Bradesco Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bank Bradesco'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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Bank Bradesco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1,394.80

989.98

824.33

876.28

738.68

Bank Bradesco Quarterly Data
	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation																876.28	898.79	884.88	801.93	738.68

Bank Bradesco (NYSE:BBD) 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.

Bank Bradesco Long-Term Capital Lease Obligation Related Terms

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Bank Bradesco (Bank Bradesco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank Bradesco SA (NYSE:BBD) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

BBDO:USA XBBDC:Spain BREC:Germany BBDC4:Brazil BBDC3:Brazil BBD:Argentina

Address

Cidade de Deus S/N, Vila Yara, Osasco, SP, BRA, 06029?900

Website

https://www.banco.bradesco/ri

Banco Bradesco is Brazil's second-largest private bank, with about 15% of deposits, and the largest insurance provider in Brazil, with roughly 20%-25% market share. The bank is majority controlled by the Bradesco foundation—a private nonprofit institution focused on education. Banking provides roughly 70% of profits, while the insurance segment contributes the remaining 30%. The bank is also a major asset manager with high-single-digit market share. In 2016, Bradesco acquired the Brazilian operations of HSBC.