Evercore (Evercore) Long-Term Capital Lease Obligation : $434 Mil (As of Dec. 2023)

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What is Evercore Long-Term Capital Lease Obligation?

Evercore's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $434 Mil.

Evercore's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($421 Mil) to Sep. 2023 ($438 Mil) but then declined from Sep. 2023 ($438 Mil) to Dec. 2023 ($434 Mil).

Evercore's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($297 Mil) to Dec. 2022 ($278 Mil) but then increased from Dec. 2022 ($278 Mil) to Dec. 2023 ($434 Mil).

Evercore Long-Term Capital Lease Obligation Historical Data

The historical data trend for Evercore'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.

Evercore Long-Term Capital Lease Obligation Chart

Evercore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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217.25

300.28

297.47

278.08

434.25

Evercore 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															289.38	421.47	438.15	434.25	-

Evercore (NYSE:EVR) 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.

Evercore Long-Term Capital Lease Obligation Related Terms

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Evercore (Evercore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Evercore Inc (NYSE:EVR) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

QGJ:Germany QGJ:Germany

Address

55 East 52nd Street, New York, NY, USA, 10055

Website

https://www.evercore.com

Evercore is an independent investment bank that derives the majority of its revenue from financial advisory, including merger, acquisition, and restructuring advisory. It also has institutional equities trading, equity underwriting, and investment management businesses that account for around 20% of net revenue. The company was founded in 1996 and went public in 2006. Evercore had approximately 1,800 employees at the end of 2022, and about 75% of its revenue is derived from the United States.

Executives

Richard I Beattie	director	C/O SIMPSON THACHER & BARTLETT, 425 LEXINGTON AVE, NEW YORK NY 10017-3954
Pamela G Carlton	director	901 S. MARQUETTE AVENUE, MINNEAPOLIS MN 55402
Timothy Gilbert Lalonde	officer: Chief Financial Officer	55 EAST 52ND STREET, NEW YORK NY 10055
Jason Klurfeld	officer: General Counsel	55 EAST 52ND STREET, C/O EVERCORE INC., NEW YORK NY 10055
Paul Pensa	officer: Contr.,Principal Acct. Officer	55 EAST 52ND STREET, 43RD FLOOR, NEW YORK NY 10055
Ralph Schlosstein	director, officer: President and CEO	EVERCORE PARTNERS INC., 55 EAST 52ND STREET, 43RD FLOOR, NEW YORK NY 10055
Celeste M Brown	officer: Chief Financial Officer	C/O EVERCORE INC., 55 EAST 52ND STREET, NEW YORK NY 10055
Robert B Walsh	officer: Principal Financial Officer	C/O EVERCORE PARTNERS INC., 55 EAST 52ND STREET, 43RD FLOOR, NEW YORK NY 10055
Ellen V Futter	director	J P MORGAN CHASE & CO, 270 PARK AVE, NEW YORK NY 10017
Roger C Altman	director, officer: Executive Chairman	EVERCORE PARTNERS INC., 55 EAST 52ND STREET, 43RD FLOOR, NEW YORK NY 10055
Wilson Kendrick R Iii	director	C/O EVERCORE INC., 55 EAST 52ND STREET, NEW YORK NY 10055
Ostoa Augusto Arellano	officer: CEO of EVR Mexico	55 EAST 52ND STREET, NEW YORK NY 10055
Andrew Sibbald	officer: CEO EVR Partners International	55 EAST 52ND STREET, FLOOR 38, NEW YORK NY 10055
Sarah K Williamson	director	55 EAST 52ND STREET, C/O EVERCORE INC., NEW YORK NY 10055
Adam B Frankel	officer: General Counsel