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Bendigo and Adelaide Bank (Bendigo and Adelaide Bank) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)


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What is Bendigo and Adelaide Bank Long-Term Capital Lease Obligation?

Bendigo and Adelaide Bank's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.


Bendigo and Adelaide Bank Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bendigo and Adelaide 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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Bendigo and Adelaide Bank Long-Term Capital Lease Obligation Chart

Bendigo and Adelaide Bank Annual Data
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Long-Term Capital Lease Obligation
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Bendigo and Adelaide Bank Semi-Annual Data
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Bendigo and Adelaide Bank  (OTCPK:BXRBY) 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.

Bendigo and Adelaide Bank Long-Term Capital Lease Obligation Related Terms

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Bendigo and Adelaide Bank (Bendigo and Adelaide Bank) Business Description

Address
22-44 Bath Lane, The Bendigo Centre, Bendigo, VIC, AUS, 3550
Founded in 1858 as the Bendigo Building Society as a leading regional bank operating in the consumer, small-business, and rural banking sectors, Bendigo gained public goodwill after rolling out branches in locations deserted by major banks in the late 1990s and early 2000s. The Adelaide Bank merger in 2007 diversified the bank into wholesale banking, while expanding the geographical footprint. It is a conservatively managed retail bank with a long history, a well-regarded retail franchise, and high levels of customer and shareholder loyalty.