Republic First Bancorp (STU:RFB) Long-Term Capital Lease Obligation : €80.4 Mil (As of Sep. 2022)

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What is Republic First Bancorp Long-Term Capital Lease Obligation?

Republic First Bancorp's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2022 was €80.4 Mil.

Republic First Bancorp's quarterly Long-Term Capital Lease Obligation increased from Mar. 2022 (€75.2 Mil) to Jun. 2022 (€77.3 Mil) and increased from Jun. 2022 (€77.3 Mil) to Sep. 2022 (€80.4 Mil).

Republic First Bancorp's annual Long-Term Capital Lease Obligation increased from Dec. 2019 (€62.0 Mil) to Dec. 2020 (€63.8 Mil) and increased from Dec. 2020 (€63.8 Mil) to Dec. 2021 (€72.4 Mil).

Republic First Bancorp Long-Term Capital Lease Obligation Historical Data

The historical data trend for Republic First Bancorp'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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Republic First Bancorp Long-Term Capital Lease Obligation Chart

Republic First Bancorp Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

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61.97

63.77

72.37

Republic First Bancorp Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															72.37	75.20	77.29	80.42	71.05

Republic First Bancorp (STU:RFB) 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.

Republic First Bancorp Long-Term Capital Lease Obligation Related Terms

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Republic First Bancorp (STU:RFB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Republic First Bancorp Inc (STU:RFB) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

FRBK:USA

Address

50 South 16th Street, Philadelphia, PA, USA, 19102

Website

https://www.myrepublicbank.com

Republic First Bancorp Inc is an American state-chartered bank. It is principally a holding company for Republic First Bank. The bank offers a range of credit and depository banking products and services, such as consumer and commercial deposit accounts, interest-bearing demand accounts, savings accounts, secured and unsecured commercial loans, real estate loans, automobile loans, mortgages, and other products. It operates in the reportable segment of Community banking.

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