Grupo Financiero Galicia (Grupo Financiero Galicia) Long-Term Capital Lease Obligation : $0 Mil (As of Sep. 2023)

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What is Grupo Financiero Galicia Long-Term Capital Lease Obligation?

Grupo Financiero Galicia's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0 Mil.

Grupo Financiero Galicia's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($81 Mil) to Dec. 2021 ($85 Mil) but then declined from Dec. 2021 ($85 Mil) to Dec. 2022 ($46 Mil).

Grupo Financiero Galicia Long-Term Capital Lease Obligation Historical Data

The historical data trend for Grupo Financiero Galicia'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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Grupo Financiero Galicia Long-Term Capital Lease Obligation Chart

Grupo Financiero Galicia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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85.82

80.93

84.51

45.78

Grupo Financiero Galicia 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															45.78	-	-	-	-

Grupo Financiero Galicia (NAS:GGAL) 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.

Grupo Financiero Galicia Long-Term Capital Lease Obligation Related Terms

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Grupo Financiero Galicia (Grupo Financiero Galicia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Grupo Financiero Galicia SA (NAS:GGAL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

GGAL:Mexico GF4:Germany GGAL:Argentina

Address

Tte. Gral. Juan D. Peron 430, 25th Floor, Buenos Aires, ARG, C1038 AAJ

Website

https://www.gfgsa.com

Grupo Financiero Galicia SA is a financial service holding company. It provides general banking services, proprietary brand credit card services, personal loans, insurance, and other services. The company's operating business segments are Banks, Ecosistema Naranja X, Insurance, Adjustments, and Other Businesses. It generates maximum revenue from Banks. Geographically its operate in Argentina, Uruguay, and the majority of its revenue comes from Argentina.

Grupo Financiero Galicia (Grupo Financiero Galicia) Headlines

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