Heartland Bank (Heartland Bank) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2018)

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What is Heartland Bank Long-Term Capital Lease Obligation?

Heartland Bank's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2018 was $0.00 Mil.

Heartland Bank Long-Term Capital Lease Obligation Historical Data

The historical data trend for Heartland 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.
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Heartland Bank Long-Term Capital Lease Obligation Chart

Heartland Bank Annual Data

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Long-Term Capital Lease Obligation

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Heartland Bank Semi-Annual Data
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Heartland Bank (OTCPK:HNZZY) 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.

Heartland Bank Long-Term Capital Lease Obligation Related Terms

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Heartland Bank (Heartland Bank) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Heartland Bank Ltd (OTCPK:HNZZY) » Definitions » Long-Term Capital Lease Obligation

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Website

http://www.heartland.co.nz

Heartland Bank operates banking offices in Fairfield, Franklin, and Licking counties of Central Ohio. The bank is primarily engaged in providing a full range of banking and financial services to individual and corporate customers. Parent company Heartland BancCorp also operates a variety of other businesses through its subsidiaries. Alternative investment services are provided through Infinex Financial Group, and insurance services are provided through Heartland Insurance Services. Net interest income constitutes the vast majority of the bank's revenue. Loans are the largest category of the bank's earning assets, followed by securities.

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