Bank of N.T Butterfield & Son (Bank of N.T Butterfield & Son) Long-Term Capital Lease Obligation : $0.0 Mil (As of Mar. 2024)

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What is Bank of N.T Butterfield & Son Long-Term Capital Lease Obligation?

Bank of N.T Butterfield & Son's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.0 Mil.

Bank of N.T Butterfield & Son Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bank of N.T Butterfield & Son'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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Bank of N.T Butterfield & Son Long-Term Capital Lease Obligation Chart

Bank of N.T Butterfield & Son Annual Data

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Long-Term Capital Lease Obligation

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Bank of N.T Butterfield & Son Quarterly Data
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Bank of N.T Butterfield & Son (NYSE:NTB) 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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Bank of N.T Butterfield & Son (Bank of N.T Butterfield & Son) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of N.T Butterfield & Son Ltd (NYSE:NTB) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

NTB.BH:Bermuda

Address

65 Front Street, Hamilton, BMU, HM 12

Website

https://www.butterfieldgroup.com

Bank of N.T Butterfield & Son Ltd is a full-service bank and wealth manager. It operates the business through three geographic segments, Bermuda, the Cayman Islands, the Channel Islands, and the UK. The company offers banking services, comprised of retail and corporate banking, and wealth management, which consists of trust, private banking, and asset management. It generates a majority of its revenue from Bermuda, and the Cayman Islands segments.