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Bank of New York Mellon (FRA:BN9) Long-Term Capital Lease Obligation : €0 Mil (As of Dec. 2023)


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What is Bank of New York Mellon Long-Term Capital Lease Obligation?

Bank of New York Mellon's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0 Mil.


Bank of New York Mellon Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bank of New York Mellon'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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Bank of New York Mellon Long-Term Capital Lease Obligation Chart

Bank of New York Mellon Annual Data
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Long-Term Capital Lease Obligation
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Bank of New York Mellon Quarterly Data
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Bank of New York Mellon  (FRA:BN9) 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.

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Bank of New York Mellon (FRA:BN9) Business Description

Traded in Other Exchanges
Address
240 Greenwich Street, New York, NY, USA, 10286
BNY Mellon is a global investment company involved in managing and servicing financial assets throughout the investment lifecycle. The bank provides financial services for institutions, corporations, and individual investors and delivers investment management and investment services in 35 countries and more than 100 markets. BNY Mellon is the largest global custody bank in the world, with about $44.3 trillion in under custody and administration (as of Dec. 31, 2022), and can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute, or restructure investments. BNY Mellon's asset-management division manages about $1.8 trillion in assets.

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