Banco Bilbao Vizcaya Argentaria (Banco Bilbao Vizcaya Argentaria) Long-Term Capital Lease Obligation : $1,386 Mil (As of Dec. 2023)

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What is Banco Bilbao Vizcaya Argentaria Long-Term Capital Lease Obligation?

Banco Bilbao Vizcaya Argentaria's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,386 Mil.

Banco Bilbao Vizcaya Argentaria's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($1,524 Mil) to Sep. 2023 ($1,618 Mil) but then declined from Sep. 2023 ($1,618 Mil) to Dec. 2023 ($1,386 Mil).

Banco Bilbao Vizcaya Argentaria's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($2,893 Mil) to Dec. 2022 ($1,481 Mil) and declined from Dec. 2022 ($1,481 Mil) to Dec. 2023 ($1,386 Mil).

Banco Bilbao Vizcaya Argentaria Long-Term Capital Lease Obligation Historical Data

The historical data trend for Banco Bilbao Vizcaya Argentaria'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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Banco Bilbao Vizcaya Argentaria Long-Term Capital Lease Obligation Chart

Banco Bilbao Vizcaya Argentaria Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3,705.56

3,253.04

2,892.66

1,480.93

1,386.04

Banco Bilbao Vizcaya Argentaria Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,480.93	-	1,524.38	1,617.93	1,386.04

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) 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.

Banco Bilbao Vizcaya Argentaria Long-Term Capital Lease Obligation Related Terms

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Banco Bilbao Vizcaya Argentaria (Banco Bilbao Vizcaya Argentaria) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Bilbao Vizcaya Argentaria SA (NYSE:BBVA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

BBVXF:USA BBVA:Peru BBVA:Mexico BBVA:Italy 0A2B:UK BBVAe:UK BVA:UK BBVA:Spain BBVA:Germany BOY:Germany BOY:Germany BOY:Germany BOY:Germany BBVA:Germany BILB34:Brazil BBVA:Austria BBVA:Argentina

Address

Calle Azul, 4, Madrid, ESP, 28050

Website

https://www.bbva.com

Despite its Spanish origins, BBVA generates only around a quarter of its profits in Spain. We expect that on a normalised basis, BBVA's market-leading Mexican bank should contribute half of its earnings, while its Turkish operation should account for another 15%. The balance of BBVA's earnings comes from smaller operations in South America. BBVA is overwhelmingly a retail and commercial bank, with corporate and investment banking forming a minor part of the overall business. BBVA also offers insurance and investment products through its banking networks.