ACNB (ACNB) Long-Term Capital Lease Obligation : $2.1 Mil (As of Sep. 2024)

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What is ACNB Long-Term Capital Lease Obligation?

ACNB's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2.1 Mil.

ACNB's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 ($2.4 Mil) to Jun. 2024 ($2.3 Mil) and declined from Jun. 2024 ($2.3 Mil) to Sep. 2024 ($2.1 Mil).

ACNB's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($3.3 Mil) to Dec. 2022 ($3.2 Mil) and declined from Dec. 2022 ($3.2 Mil) to Dec. 2023 ($2.6 Mil).

ACNB Long-Term Capital Lease Obligation Historical Data

The historical data trend for ACNB'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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ACNB Long-Term Capital Lease Obligation Chart

ACNB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.50

3.14

3.27

3.16

2.62

ACNB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.78	2.62	2.45	2.28	2.11

ACNB (NAS:ACNB) 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.

ACNB Long-Term Capital Lease Obligation Related Terms

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ACNB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ACNB Corp (NAS:ACNB) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Lincoln Square, P.O. BOX 3129, Gettysburg, PA, USA, 17325

Website

https://www.acnb.com

ACNB Corp provides banking, insurance, and financial services to businesses and consumers, through its wholly-owned subsidiaries, ACNB Bank and ACNB Insurance Services, Inc. The corporation has two reporting segments; the Bank which generates the majority of the revenue provides banking and wealth management services, including trust and retail brokerage, and ACNB Insurance Services segment which offers a broad range of property and casualty, life and health insurance to both commercial and individual clients.

Executives

Frank Iii Elsner	director	894 LAUREL WOODS LANE, HANOVER PA 17331
James Helt	other: EVP/Banking Services ACNB Bank	360 THORNHILL DRIVE, HANOVER PA 17331
Brett D Fulk	other: ACNB Bank EVP	34 MILLER ROAD, NEW RINGGOLD PA 17960
Daniel W Potts	director	916 PENLLYN PIKE, AMBLER PA 19002
Scott L Kelley	director	2068 ROSEWOOD LANE, YORK PA 17403
Alan J Stock	director	245 ORCHARD DRIVE, HANOVER PA 17331
Andrew A Bradley	other: ACNB Bank SVP	16 LINCOLN SQUARE, GETTYSBURG PA 17325
Emily E Berwager	other: ACNB Bank SVP	16 LINCOLN SQUARE, GETTYSBURG PA 17325
Kevin J Hayes	officer: SVP/Secretary & CGO	16 LINCOLN SQUARE, GETTYSBURG PA 17325
Mark E Blacksten	other: ACNB Bank EVP	16 LINCOLN SQUARE, GETTYSBURG PA 17325
Thomas R Stone	other: ACNB Bank EVP	2701 PRIMROSE LANE E, YORK PA 17402
Seibel Donald Arthur Jr	director	1001 GREEN VALLEY ROAD, NEW WINDSOR MD 21776
James J Lott	director	1230 IDAVILLE YORK SPRINGS ROAD, GARDNERS PA 17324
David L Sites	director	220 DOUBLEDAY AVENUE, GETTYSBURG PA 17325
Lynda L Glass	officer: EVP, Secretary & Treasurer	68 WEST MOUNTAIN TOP DRIVE, ORRTANNA PA 17353