Cathay General Bancorp (FRA:CN7) Long-Term Capital Lease Obligation : €31.6 Mil (As of Mar. 2024)

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What is Cathay General Bancorp Long-Term Capital Lease Obligation?

Cathay General Bancorp's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €31.6 Mil.

Cathay General Bancorp's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€30.9 Mil) to Dec. 2023 (€31.9 Mil) but then declined from Dec. 2023 (€31.9 Mil) to Mar. 2024 (€31.6 Mil).

Cathay General Bancorp's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€27.2 Mil) to Dec. 2022 (€30.7 Mil) and increased from Dec. 2022 (€30.7 Mil) to Dec. 2023 (€31.9 Mil).

Cathay General Bancorp Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cathay General 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.

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Cathay General Bancorp Long-Term Capital Lease Obligation Chart

Cathay General Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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32.29

27.52

27.16

30.70

31.91

Cathay General 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															30.45	31.26	30.89	31.91	31.58

Cathay General Bancorp (FRA:CN7) 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.

Cathay General Bancorp Long-Term Capital Lease Obligation Related Terms

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Cathay General Bancorp (FRA:CN7) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Cathay General Bancorp (FRA:CN7) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

CATY:USA

Address

777 North Broadway, Los Angeles, CA, USA, 90012

Website

https://www.cathaybank.com

Cathay General Bancorp is a regional bank primarily serving the Chinese-American community. With more than 45 branches and three international representative offices, the bank provides traditional loan and deposit products, as well as international trade-related services to individuals and small to midsize businesses. The Bank accepts checking, savings, and time deposits, and makes commercial, real estate, personal, home improvement, automobile, and other installment and term loans. The Bank also provides letters of credit, safe deposit, Social Security payment deposit, bank-by-mail, Internet banking services, and other customary banking services.

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