Enterprise Bancorp (Enterprise Bancorp) Long-Term Capital Lease Obligation : $24.4 Mil (As of Dec. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Enterprise Bancorp Long-Term Capital Lease Obligation?

Enterprise Bancorp's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $24.4 Mil.

Enterprise Bancorp's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($24.1 Mil) to Sep. 2023 ($24.6 Mil) but then declined from Sep. 2023 ($24.6 Mil) to Dec. 2023 ($24.4 Mil).

Enterprise Bancorp's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($23.6 Mil) to Dec. 2022 ($24.4 Mil) and increased from Dec. 2022 ($24.4 Mil) to Dec. 2023 ($24.4 Mil).

Enterprise Bancorp Long-Term Capital Lease Obligation Historical Data

The historical data trend for Enterprise 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.

* Premium members only.

Enterprise Bancorp Long-Term Capital Lease Obligation Chart

Enterprise Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

18.10

17.54

23.63

24.42

24.44

Enterprise Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															24.42	24.29	24.15	24.59	24.44

Enterprise Bancorp (NAS:EBTC) 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.

Enterprise Bancorp Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Enterprise Bancorp's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Enterprise Bancorp (Enterprise Bancorp) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

222 Merrimack Street, Lowell, MA, USA, 01852

Website

https://www.enterprisebanking.com

Enterprise Bancorp Inc is a holding company. The Company is engaged in the business of gathering deposits from the general public and investing in loans and investment securities. Through the Bank and its subsidiaries, the Company offers a range of commercial, residential and consumer loan products, deposit products and cash management services, as well as wealth management and wealth services.

Executives

Gino J Baroni	director	222 MERRIMACK STREET, LOWELL MA 01852
Michael T Putziger	director	C/O NEW HAMPSHIRE THRIFT BANCSHARES, 9 MAIN STREET, NEWPORT NH 03773
Ken S Ansin	director	390 GOODRICH ST, LUNENBURG MA 01462
George L Duncan	director, officer: Chief Executive Officer	222 MERRIMACK ST, LOWELL MA 01852
Stephen J Irish	officer: EVP - Principal Subsidiary	222 MERRIMACK ST, LOWELL MA 01852
Ryan C Dunn	officer: EVP-Principal Subsidiary	C/O ENTERPRISE BANK, 222 MERRIMACK STREET, LOWELL MA 01852
Mary Jane King	director	222 MERRIMACK STREET, LOWELL MA 01852
Luis M Pedroso	director	222 MERRIMACK STREET, LOWELL MA 01852
Diane J Silva	officer: EVP - Principal Subsidiary	222 MERRIMACK STREET, LOWELL MA 01852
Anita R Worden	director	C/O ENTERPRISE BANK, 222 MERRIMACK STREET, LOWELL MA 01852
John A Koutsos	director	222 MERRIMACK STREET, LOWELL MA 01852
Peter Rayno	officer: EVP - Principal Subsidiary	C/O ENTERPRISE BANK, 222 MERRIMACK STREET, LOWELL MA 01852
Joseph R Lussier	officer: EVP-Principal Subsidiary	C/O ENTERPRISE BANK, 222 MERRIMACK STREET, LOWELL MA 01852
Keith N Soucie	officer: EVP-Principal Subsidiary	C/O ENTERPRISE BANK, 222 MERRIMACK STREET, LOWELL MA 01852
Carol L Reid	director	C/O AVID TECHNOLOGY INC, ONE PARK WEST, TEWKSBURY MA 01876