Royal Bank of Canada (Royal Bank of Canada) Long-Term Capital Lease Obligation : $0 Mil (As of Jan. 2024)

View and export this data going back to 1995. Start your Free Trial

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

Royal Bank of Canada's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0 Mil.

Royal Bank of Canada's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 ($0 Mil) to Oct. 2023 ($2,998 Mil) but then declined from Oct. 2023 ($2,998 Mil) to Jan. 2024 ($0 Mil).

Royal Bank of Canada's annual Long-Term Capital Lease Obligation declined from Oct. 2021 ($3,576 Mil) to Oct. 2022 ($3,255 Mil) and declined from Oct. 2022 ($3,255 Mil) to Oct. 2023 ($2,998 Mil).

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

The historical data trend for Royal 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.

* Premium members only.

Royal Bank of Canada Long-Term Capital Lease Obligation Chart

Royal Bank of Canada Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

37.15

3,573.91

3,575.68

3,255.17

2,998.10

Royal 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															-	-	-	2,998.10	-

Royal Bank of Canada (NYSE:RY) 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.

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

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

Royal Bank of Canada (Royal Bank of Canada) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Royal Bank of Canada (NYSE:RY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

RYC:Germany RYC:Germany RY.PR.S.PFD:Canada RY.PR.Z.PFD:Canada RY.PR.O.PFD:Canada RY.PR.N.PFD:Canada RY.PR.M.PFD:Canada RY.PR.J.PFD:Canada RY.PR.H.PFD:Canada RY:Canada

Address

1 Place Ville-Marie, Corporate Secretary's Department, Montreal, QC, CAN, H3B 3A9

Website

https://www.rbc.com

Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the U.S. and other countries.