Associated Banc-Corp (Associated Banc-Corp) Long-Term Capital Lease Obligation : $0.36 Mil (As of Mar. 2024)

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What is Associated Banc-Corp Long-Term Capital Lease Obligation?

Associated Banc-Corp's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.36 Mil.

Associated Banc-Corp's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($0.41 Mil) to Dec. 2023 ($0.38 Mil) and declined from Dec. 2023 ($0.38 Mil) to Mar. 2024 ($0.36 Mil).

Associated Banc-Corp's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.16 Mil) to Dec. 2022 ($0.47 Mil) but then declined from Dec. 2022 ($0.47 Mil) to Dec. 2023 ($0.38 Mil).

Associated Banc-Corp Long-Term Capital Lease Obligation Historical Data

The historical data trend for Associated Banc-Corp'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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Associated Banc-Corp Long-Term Capital Lease Obligation Chart

Associated Banc-Corp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.21

1.13

0.16

0.47

0.38

Associated Banc-Corp 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															0.45	0.43	0.41	0.38	0.36

Associated Banc-Corp (NYSE:ASBpF.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.

Associated Banc-Corp Long-Term Capital Lease Obligation Related Terms

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Associated Banc-Corp (Associated Banc-Corp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Associated Banc-Corp (NYSE:ASBpF.PFD) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

ASBpE.PFD:USA ASB:USA

Address

433 Main Street, Green Bay, WI, USA, 54301

Website

https://www.associatedbank.com

Associated Banc-Corp is a bank holding company. The company through its subsidiaries provides a broad array of banking and nonbanking products and services to individuals and businesses. The company operates in three reportable segments; Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services. The majority of its revenue is derived from the Corporate and Commercial Specialty and Community, Consumer, and Business segments.