Western Alliance Bancorp (Western Alliance Bancorp) Long-Term Capital Lease Obligation : $172 Mil (As of Mar. 2024)

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What is Western Alliance Bancorp Long-Term Capital Lease Obligation?

Western Alliance Bancorp's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $172 Mil.

Western Alliance Bancorp's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($180 Mil) to Dec. 2023 ($179 Mil) and declined from Dec. 2023 ($179 Mil) to Mar. 2024 ($172 Mil).

Western Alliance Bancorp's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($143 Mil) to Dec. 2022 ($185 Mil) but then declined from Dec. 2022 ($185 Mil) to Dec. 2023 ($179 Mil).

Western Alliance Bancorp Long-Term Capital Lease Obligation Historical Data

The historical data trend for Western Alliance 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.

Western Alliance Bancorp Long-Term Capital Lease Obligation Chart

Western Alliance Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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78.10

79.90

143.00

185.00

179.00

Western Alliance 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															184.00	179.00	180.00	179.00	172.00

Western Alliance Bancorp (NYSE:WAL) 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.

Western Alliance Bancorp Long-Term Capital Lease Obligation Related Terms

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Western Alliance Bancorp (Western Alliance Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Western Alliance Bancorp (NYSE:WAL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

WALpA.PFD:USA WEA:Germany WEA:Germany WABC34:Brazil

Address

One East Washington Street, Suite 1400, Phoenix, AZ, USA, 85004

Website

https://www.westernalliancebancorporation.com

Western Alliance Bancorporation is a Las Vegas-based holding company with regional banks operating in Nevada, Arizona, and California. The bank offers retail banking services and focuses on mortgages for retail customers and commercial loans, mainly for real estate. The bank also has an investment advisory business that manages investment portfolios for Western clients and clients of other banks.

Executives

Robert P Latta	director	650 PAGE MILL ROAD, PALO ALTO CA 94304
Jessica H Jarvi	officer: CLO & Secretary	1 E. WASHINGTON STREET, SUITE1400, PHOENIX AZ 85004
Anthony T Meola	director	18400 VON KARMAN AVENUE, SUITE 1000, IRVINE CA 92612
Mary E Tuuk	director	625 KENMOOR AVE SE, SUITE 301, GRAND RAPIDS MI 49456
Marianne Boyd Johnson	director
Tim R Bruckner	officer: EVP, Chief Credit Officer	ONE E. WASHINGTON ST., SUITE 1400, PHOENIX AZ 85040
Ardrey J. Kelly Jr.	officer: SVP, Chief Accounting Officer	ONE E. WASHINGTON STREET, SUITE 1400, PHOENIX AZ 85004
Kevin M Blakely	director	HUNTINGTON CENTER, 41 S. HIGH STREET, COLUMBUS OH 43287
Paul Galant	director	88 WEST PLUMERIA DRIVE, SAN JOSE CA 95134
Stephen Russell Curley	officer: Chief Banking Ofc.-NBL	5103 E. KELTON LANE, SCOTTSDALE AZ 85254
Emily Nachlas	officer: Chief Risk Officer	1 E. WASHINGTON STREET, SUITE 1400, PHOENIX AZ 85004
Donald D Snyder	director
Patricia L. Arvielo	director	8390 EAST CRESCENT PARKWAY, SUITE 650, GREENWOOD VILLAGE CO 80111
Dale Gibbons	officer: EVP and CFO	2700 W. SAHARA AVE., LAS VEGAS NV 89102
Bryan K Segedi	director	1 E WASHINGTON STREET, SUITE 1400, PHOENIX AZ 85004