Brookline Bancorp (Brookline Bancorp) Long-Term Capital Lease Obligation : $32.0 Mil (As of Dec. 2023)

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What is Brookline Bancorp Long-Term Capital Lease Obligation?

Brookline Bancorp's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $32.0 Mil.

Brookline Bancorp's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($33.0 Mil) to Sep. 2023 ($32.8 Mil) and declined from Sep. 2023 ($32.8 Mil) to Dec. 2023 ($32.0 Mil).

Brookline Bancorp's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($20.5 Mil) to Dec. 2022 ($19.5 Mil) but then increased from Dec. 2022 ($19.5 Mil) to Dec. 2023 ($32.0 Mil).

Brookline Bancorp Long-Term Capital Lease Obligation Historical Data

The historical data trend for Brookline Bancorp'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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Brookline Bancorp Long-Term Capital Lease Obligation Chart

Brookline Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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24.88

24.14

20.51

19.48

32.00

Brookline Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															31.37	33.02	32.81	32.00	34.24

Brookline Bancorp (NAS:BRKL) 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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Brookline Bancorp (Brookline Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Brookline Bancorp Inc (NAS:BRKL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

BB3:Germany

Address

131 Clarendon Street, Boston, MA, USA, 02116

Website

https://www.brooklinebank.com

Brookline Bancorp Inc operates as a multi-bank holding company. It offers commercial, business and retail banking services, including a full complement of cash management products, online banking services, consumer and residential loans.

Executives

John A Hackett	director	131 CLARENDON STREET, BOSTON MA 02116
Hill Willard I Jr	director	2651 STRANG BOULEVARD, SUITE 100, YORKTOWN HEIGHTS NY 10598
Michael P Goldrick	officer: CEO PCSB Bank	2651 STRANG BOULEVARD, SUITE 100, YORKTOWN HEIGHTS NY 10598
Carl M Carlson	officer: Chief Financial Officer	131 CLARENDON STREET, BOSTON MA 02116
Bogdan Nowak	director	131 CLARENDON STREET, BOSTON MA 02116
David C Chapin	director	131 CLARENDON STREET, BOSTON MA 02116
Margaret Boles Fitzgerald	director	131 CLARENDON STREET, BOSTON MA 02116
Doyle John J Jr	director	131 CLARENDON STREET, BOSTON MA 02116
William C Tsonos	officer: CEO Bank Rhode Island	131 CLARENDON STREET, BOSTON MA 02116
Charles H Peck	director	131 CLARENDON STREET, BOSTON MA 02116
Michael W. Mccurdy	officer: CRO and General Counsel	131 CLARENDON STREET, BOSTON MA 02116
Marissa S. Martin	officer: General Counsel	131 CLARENDON STREET, BOSTON MA 02116
Darryl J. Fess	officer: CEO, Brookline Bank	131 CLARENDON STREET, BOSTON MA 02116
James M Cosman	officer: Director of Operations	131 CLARENDON STREET, BOSTON MA 02116
Janytra M Brooks	officer: Chief Human Resources Officer	131 CLARENDON STREET, BOSTON MA 02116