Bank of Nova Scotia (TSX:BNS.PR.Q.PFD) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Jan. 2024)

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What is Bank of Nova Scotia Long-Term Capital Lease Obligation?

Bank of Nova Scotia's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil.

Bank of Nova Scotia's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 (C$0.00 Mil) to Oct. 2023 (C$3,202.00 Mil) but then declined from Oct. 2023 (C$3,202.00 Mil) to Jan. 2024 (C$0.00 Mil).

Bank of Nova Scotia's annual Long-Term Capital Lease Obligation declined from Oct. 2021 (C$3,413.00 Mil) to Oct. 2022 (C$3,323.00 Mil) and declined from Oct. 2022 (C$3,323.00 Mil) to Oct. 2023 (C$3,202.00 Mil).

Bank of Nova Scotia Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bank of Nova Scotia'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 Nova Scotia Long-Term Capital Lease Obligation Chart

Bank of Nova Scotia Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Long-Term Capital Lease Obligation

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3,475.00

3,413.00

3,323.00

3,202.00

Bank of Nova Scotia 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															-	-	-	3,202.00	-

Bank of Nova Scotia (TSX:BNS.PR.Q.PFD) 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.

Bank of Nova Scotia Long-Term Capital Lease Obligation Related Terms

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Bank of Nova Scotia (TSX:BNS.PR.Q.PFD) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Nova Scotia (TSX:BNS.PR.Q.PFD) » Definitions » Long-Term Capital Lease Obligation

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BNSPF.PFD:USA BNS:USA BNS:Mexico BKN:Germany BNS.PR.I.PFD:Canada BNS:Canada

Address

1709 Hollis Street, Scotia Plaza, 8th floor, Halifax, NS, CAN, B3J 1W1

Website

https://www.scotiabank.com

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. The bank's international operations span numerous countries and are more concentrated in Central and South America.

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