Valley National Bancorp (Valley National Bancorp) Long-Term Capital Lease Obligation : $403.78 Mil (As of Dec. 2023)

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What is Valley National Bancorp Long-Term Capital Lease Obligation?

Valley National Bancorp's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $403.78 Mil.

Valley National Bancorp's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($420.97 Mil) to Sep. 2023 ($413.02 Mil) and declined from Sep. 2023 ($413.02 Mil) to Dec. 2023 ($403.78 Mil).

Valley National Bancorp's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($283.11 Mil) to Dec. 2022 ($358.88 Mil) and increased from Dec. 2022 ($358.88 Mil) to Dec. 2023 ($403.78 Mil).

Valley National Bancorp Long-Term Capital Lease Obligation Historical Data

The historical data trend for Valley National Bancorp'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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Valley National Bancorp Long-Term Capital Lease Obligation Chart

Valley National Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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309.85

276.68

283.11

358.88

403.78

Valley National Bancorp 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															355.02	420.97	413.02	403.78	396.90

Valley National Bancorp (NAS:VLYPP.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.

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Valley National Bancorp (Valley National Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Valley National Bancorp (NAS:VLYPP.PFD) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

VLYPO.PFD:USA VLY:USA VNB:Germany

Address

One Penn Plaza, New York, NY, USA, 10119

Website

https://www.valley.com

Valley National Bancorp is a bank holding company whose principal wholly-owned subsidiary is Valley National Bank. It provides a full range of commercial, retail, and trust and investment services largely through its offices and ATM network throughout northern and central New Jersey, New York City and Long Island, Florida, and Alabama. The segments of the group are commercial lending, consumer lending, investment management, and corporate and other adjustments, of which key interest income is derived from the commercial lending segment. In recent years, the company has focused on acquiring companies that operate outside of traditional banking and has emphasized wealth and capital management.