United Bankshares (United Bankshares) Long-Term Capital Lease Obligation : $93 Mil (As of Dec. 2023)

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What is United Bankshares Long-Term Capital Lease Obligation?

United Bankshares's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $93 Mil.

United Bankshares's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($85 Mil) to Sep. 2023 ($85 Mil) but then increased from Sep. 2023 ($85 Mil) to Dec. 2023 ($93 Mil).

United Bankshares's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($87 Mil) to Dec. 2022 ($76 Mil) but then increased from Dec. 2022 ($76 Mil) to Dec. 2023 ($93 Mil).

United Bankshares Long-Term Capital Lease Obligation Historical Data

The historical data trend for United Bankshares'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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United Bankshares Long-Term Capital Lease Obligation Chart

United Bankshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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61.34

73.21

86.70

75.75

92.89

United Bankshares 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															75.75	81.39	85.04	84.57	92.89

United Bankshares (NAS:UBSI) 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.

United Bankshares Long-Term Capital Lease Obligation Related Terms

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United Bankshares (United Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » United Bankshares Inc (NAS:UBSI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

UNK:Germany

Address

500 Virginia Street, 300 United Center, East Charleston, Charleston, WV, USA, 25301

Website

https://www.ubsi-inc.com

United Bankshares Inc is a financial holding company that provides banking services. The company operates in two segments: Community banking, which accepts deposits, makes loans (for personal, credit card, commercial, and construction uses), provides brokerage services, safe deposit boxes, and related services; and Mortgage banking, which offers and acquires home mortgages through an indirectly owned subsidiary. Nearly all revenue comes from the community banking segment.

Executives

Peter A Converse	director	1201 NORTH NASH ST #502, ARLINGTON VA 22209
Gary G White	director	514 MARKET STREET, PARKERSBURG WV 26101
Kayes Henry M Jr	officer: EVP	122 NORTH ROSEMONT, MARTINSBURG WV 25401
Rice Lacy I Iii	director	514 MARKET ST, PARKERSBURG WV 26101
Diana Lewis Jackson	director	514 MARKET ST, PARKERSBURG WV 26101
Michael P Fitzgerald	director	C/O UNITED BANKSHARES, INC., 514 MARKET ST, PARKERSBURG WV 26101
J Paul Mcnamara	director	514 MARKET STREET, PARKERSBURG WV 26101
Adams Richard M Sr	director, officer: Chairman of the Board & CEO	514 MARKET STREET, PARKERSBURG WV 26101
Matthew L Humphrey	officer: Executive Vice President	514 MARKET ST., PARKERSBURG WV 26101
Chad J Mildren	officer: Executive Vice President	514 MARKET ST., PARKERSBURG WV 26101
Michael Proctor	officer: Executive Vice President	514 MARKET ST., PARKERSBURG WV 26101
Ami L Shaver	officer: Executive Vice President	514 MARKET ST., PARKERSBURG WV 26101
Anna J Schultheis	officer: Executive Vice President	514 MARKET ST, PARKERSBURG WV 26101
Julie R Gurtis	officer: Executive Vice President	514 MARKET ST., PARKERSBURG WV 26101
Ross M Draber	officer: Executive Vice President	514 MARKET ST., PARKERSBURG WV 26101