GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Oconee Financial Corp (OTCPK:OSBK) » Definitions » Long-Term Capital Lease Obligation

Oconee Financial (Oconee Financial) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2024)


View and export this data going back to 2018. Start your Free Trial

What is Oconee Financial Long-Term Capital Lease Obligation?

Oconee Financial's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.


Oconee Financial Long-Term Capital Lease Obligation Historical Data

The historical data trend for Oconee Financial'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.

* Premium members only.

Oconee Financial Long-Term Capital Lease Obligation Chart

Oconee Financial Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only - - - - -

Oconee Financial 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Oconee Financial  (OTCPK:OSBK) 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.

Oconee Financial Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Oconee Financial's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.


Oconee Financial (Oconee Financial) Business Description

Industry
Traded in Other Exchanges
N/A
Address
41 N. Main Street, Watkinsville, GA, USA, 30677
Oconee Financial Corp is a United States-based commercial bank. The bank offers personal and business products and services including checking, savings, CDs, loans, mortgages, credit cards, safe deposit boxes, mobile deposits, business loans, and treasury services.
Executives
G Robert Bishop director 1741 EXPERIMENT STATION ROAD, WATKINSVILLE GA 30677
B Amrey Harden director, officer: President and CEO 35 NORTH MAIN STREET, P.O. BOX 205, WATKINSVILLE GA 30677
Hale J Albert Sr director P.O.BOX 205, WATKINSVILLE GA 30677
Steven Anthony Rogers officer: Chief Financial Officer 35 NORTH MAIN STREET, PO BOX 205, WATKINSVILLE GA 30677
Virginia S Wells director, 10 percent owner OCONEE FINANCIAL CORP, 35 N MAIN ST, WATKINSVILLE GA 30677
Ann B. Powers director 1051 ROSE CREEK DRIVE, WATKINSVILLE GA 30087
Douglas D Dickens director 1071 RAYS CHURCH RD, BISHOP GA 30621
Henry C Maxey director 1181 MAXEY ROAD, BISHOP GA 30621
Jimmy L Christopher director P.O. BOX 405, WATKINSVILLE GA 30677
Tom F Wilson officer: Executive Vice President OCONEE FINANCIAL CORP, 35 N MAIN ST, WATKINSVILLE GA 30677

Oconee Financial (Oconee Financial) Headlines