GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Commencement Bancorp Inc (OTCPK:CBWA) » Definitions » Long-Term Capital Lease Obligation

CBWA (Commencement Bancorp) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2024)


View and export this data going back to 2015. Start your Free Trial

What is Commencement Bancorp Long-Term Capital Lease Obligation?

Commencement Bancorp's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil.

Commencement Bancorp Long-Term Capital Lease Obligation Historical Data

The historical data trend for Commencement 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.

* Premium members only.

Commencement Bancorp Long-Term Capital Lease Obligation Chart

Commencement Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Commencement Bancorp 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Commencement Bancorp  (OTCPK:CBWA) 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.

Commencement Bancorp Long-Term Capital Lease Obligation Related Terms

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

Commencement Bancorp Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Commencement Bancorp Inc (OTCPK:CBWA) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
BSPA HLFN CBAF FFWC ESBS DENI FGFI TMAK PBKX MIFF NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 MIL:UCG SGX:D05 XPAR:BNP MIL:ISP NSE:SBIN ISX:BBCA
Traded in Other Exchanges
N/A
Address
1102 Commerce Street, Suite 100, Tacoma, WA, USA, 98402
Website
https://www.commencementbank.com
Commencement Bancorp Inc is a holding company that operates through its subsidiary. It provides loan and deposit services to customers, who are predominately individuals and small and midsized businesses in western Washington. The company offers banking products and services such as Personal Banking which includes Personal Checking, Personal Loans & Credit, Savings & Money markets, Business Banking which includes Business Loans, Checking & Savings, Business Services, and Merchant Services.