Hocking Valley Bancshares (Hocking Valley Bancshares) Long-Term Capital Lease Obligation : $0.00 Mil (As of . 20)

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What is Hocking Valley Bancshares Long-Term Capital Lease Obligation?

Hocking Valley Bancshares's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was $0.00 Mil.

Hocking Valley Bancshares Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hocking Valley Bancshares'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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Hocking Valley Bancshares Long-Term Capital Lease Obligation Chart

Hocking Valley Bancshares Annual Data

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Long-Term Capital Lease Obligation

Hocking Valley Bancshares Quarterly Data

Long-Term Capital Lease Obligation

Hocking Valley Bancshares (OTCPK:HCKG) 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.

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Hocking Valley Bancshares (Hocking Valley Bancshares) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Hocking Valley Bancshares (OTCPK:HCKG) » Definitions » Long-Term Capital Lease Obligation

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Address

7 W Stimson Ave, Athens, OH, USA, 45701

Website

https://www.hvbonline.com

Hocking Valley Bancshares operates as a community bank that provides personal and commercial banking products and services. It offers personal, business, loans, and card services. Further, it also offers e-services such as mobile banking, hvbonline, eDelivery, and others.

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