Bank of Montreal (Bank of Montreal) Long-Term Capital Lease Obligation : $0 Mil (As of Jan. 2024)

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What is Bank of Montreal Long-Term Capital Lease Obligation?

Bank of Montreal's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0 Mil.

Bank of Montreal's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 ($0 Mil) to Oct. 2023 ($2,557 Mil) but then declined from Oct. 2023 ($2,557 Mil) to Jan. 2024 ($0 Mil).

Bank of Montreal's annual Long-Term Capital Lease Obligation declined from Oct. 2021 ($2,206 Mil) to Oct. 2022 ($2,071 Mil) but then increased from Oct. 2022 ($2,071 Mil) to Oct. 2023 ($2,557 Mil).

Bank of Montreal Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bank of Montreal'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 of Montreal Long-Term Capital Lease Obligation Chart

Bank of Montreal Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Long-Term Capital Lease Obligation

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1,822.52

2,206.05

2,071.01

2,556.88

Bank of Montreal Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	2,556.88	-

Bank of Montreal (NYSE:BMO) 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 of Montreal Long-Term Capital Lease Obligation Related Terms

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Bank of Montreal (Bank of Montreal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Montreal (NYSE:BMO) » Definitions » Long-Term Capital Lease Obligation

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BZZ:Germany BZZ:Germany BMO.PR.F.PFD:Canada BMO.PR.E.PFD:Canada BMO.PR.Y.PFD:Canada BMO.PR.W.PFD:Canada BMO.PR.T.PFD:Canada BMO.PR.S.PFD:Canada BMO:Canada

Address

129 rue Saint-Jacques, Montreal, QC, CAN, H2Y 1L6

Website

https://www.bmo.com

Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets. The bank's operations are primarily in Canada, with a material portion also in the U.S.

Executives

Vinita Lee Piper

director

712 WILCREST, SUITE 3020, HOUSTON TX 77042