Canadian Western Bank (Canadian Western Bank) Long-Term Capital Lease Obligation : $0.0 Mil (As of Jan. 2024)

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What is Canadian Western Bank Long-Term Capital Lease Obligation?

Canadian Western Bank's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.0 Mil.

Canadian Western Bank's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 ($0.0 Mil) to Oct. 2023 ($68.2 Mil) but then declined from Oct. 2023 ($68.2 Mil) to Jan. 2024 ($0.0 Mil).

Canadian Western Bank's annual Long-Term Capital Lease Obligation increased from Oct. 2021 ($69.6 Mil) to Oct. 2022 ($72.2 Mil) but then declined from Oct. 2022 ($72.2 Mil) to Oct. 2023 ($68.2 Mil).

Canadian Western Bank Long-Term Capital Lease Obligation Historical Data

The historical data trend for Canadian Western 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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Canadian Western Bank Long-Term Capital Lease Obligation Chart

Canadian Western Bank Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Long-Term Capital Lease Obligation

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71.84

69.58

72.17

68.16

Canadian Western Bank Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	68.16	-

Canadian Western Bank (OTCPK:CBWBF) 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.

Canadian Western Bank Long-Term Capital Lease Obligation Related Terms

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Canadian Western Bank (Canadian Western Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Canadian Western Bank (OTCPK:CBWBF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

C7W:Germany CWB.PR.D.PFD:Canada CWB.PR.B.PFD:Canada CWB:Canada

Address

10303 Jasper Avenue, Suite 3000, Edmonton, AB, CAN, T5J 3X6

Website

https://www.cwb.com

Canadian Western Bank is a diversified financial service organization providing banking, trust, and wealth management services. The group operates through a number of subsidiaries providing different areas of financial services. Canadian Western Bank offers business banking services including general commercial banking, equipment financing and leasing, real estate financing, and other services for small- and medium-sized companies, as well as personal banking services including chequing and savings accounts, loans, mortgages, and investment products. Canadian Western Trust is engaged in retirement, trustee, and custodial solutions for financial advisors, corporations, and individuals. The company receives maximum revenue from interest income.

Canadian Western Bank (Canadian Western Bank) Headlines

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