National Bank of Canada (National Bank of Canada) Long-Term Capital Lease Obligation : $300 Mil (As of Jan. 2024)

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What is National Bank of Canada Long-Term Capital Lease Obligation?

National Bank of Canada's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $300 Mil.

National Bank of Canada's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 ($323 Mil) to Oct. 2023 ($298 Mil) but then increased from Oct. 2023 ($298 Mil) to Jan. 2024 ($300 Mil).

National Bank of Canada's annual Long-Term Capital Lease Obligation declined from Oct. 2021 ($462 Mil) to Oct. 2022 ($335 Mil) and declined from Oct. 2022 ($335 Mil) to Oct. 2023 ($298 Mil).

National Bank of Canada Long-Term Capital Lease Obligation Historical Data

The historical data trend for National Bank of Canada'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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National Bank of Canada Long-Term Capital Lease Obligation Chart

National Bank of Canada Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Long-Term Capital Lease Obligation

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475.11

462.44

334.58

297.55

National Bank of Canada Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															336.76	328.54	323.22	297.55	300.23

National Bank of Canada (OTCPK:NTIOF) 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.

National Bank of Canada Long-Term Capital Lease Obligation Related Terms

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National Bank of Canada (National Bank of Canada) Business Description

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

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Address

600 Rue De La Gauchetiere West, 4th Floor, Montreal, QC, CAN, H3B 4L2

Website

https://www.nbc.ca

National Bank of Canada is the sixth-largest Canadian bank. The bank offers integrated financial services, primarily in the province of Quebec as well as the city of Toronto. Operational segments include personal and commercial banking, wealth management, and a financial markets group.

National Bank of Canada (National Bank of Canada) Headlines

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