Bank of Akron (Bank of Akron) Long-Term Capital Lease Obligation : $0.00 Mil (As of . 20)

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

What is Bank of Akron Long-Term Capital Lease Obligation?

Bank of Akron's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was $0.00 Mil.

Bank of Akron Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bank of Akron'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.

Bank of Akron Long-Term Capital Lease Obligation Chart

Bank of Akron Annual Data

Trend

Long-Term Capital Lease Obligation

Bank of Akron Quarterly Data

Long-Term Capital Lease Obligation

Bank of Akron (OTCPK:BARK) 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.

Bank of Akron Long-Term Capital Lease Obligation Related Terms

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

Bank of Akron (Bank of Akron) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Akron (OTCPK:BARK) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

46 Main Street, P.O. Box 420, Akron, NY, USA, 14001

Website

http://www.bankofakron.com

Bank of Akron provides banking and financial services. Its products and services include Customer Service, Retail Banking, Commercial Lending, Mortgages, Home Equity Line of Credit, IRA, Certificates of Deposit, Online Banking, Mobile Banking, Student Loans, Fraud Protection and Financing.