ES Bancshares (ES Bancshares) Long-Term Capital Lease Obligation : $6.46 Mil (As of Mar. 2024)

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What is ES Bancshares Long-Term Capital Lease Obligation?

ES Bancshares's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $6.46 Mil.

ES Bancshares's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($0.00 Mil) to Dec. 2023 ($6.67 Mil) but then declined from Dec. 2023 ($6.67 Mil) to Mar. 2024 ($6.46 Mil).

ES Bancshares's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($5.76 Mil) to Dec. 2022 ($7.09 Mil) but then declined from Dec. 2022 ($7.09 Mil) to Dec. 2023 ($6.67 Mil).

ES Bancshares Long-Term Capital Lease Obligation Historical Data

The historical data trend for ES Bancshares'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.

ES Bancshares Long-Term Capital Lease Obligation Chart

ES Bancshares Annual Data

Trend

Dec09

Dec10

Dec11

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.81

6.30

5.76

7.09

6.67

ES Bancshares Quarterly Data
	Dec17	Dec18	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															-	-	-	6.67	6.46

ES Bancshares (OTCPK:ESBS) 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.

ES Bancshares Long-Term Capital Lease Obligation Related Terms

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ES Bancshares (ES Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ES Bancshares Inc (OTCPK:ESBS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1441 South Avenue, Suite 705, Staten Island, NY, USA, 10314

Website

https://www.esbna.com

ES Bancshares Inc is a bank holding company, which offers financial services. It offers a full line of checking, deposit, and loan products tailored to meet the specific needs of customers and businesses.

Executives

Andrew G Finklestein	director	68 NORTH PLANK ROAD, NEWBURGH NY 12550
Walter Daszkowski	director	68 NORTH PLANK ROAD, NEWBURGH NY 12550
Thomas D Weddell	director	68 NORTH PLANK ROAD, NEWBURGH NY 12550
Philip Guarnieri	director, officer: President and COO	68 NORTH PLANK ROAD, NEWBURGH NY 12550
Michael P Ostrow	director	68 NORTH PLANK ROAD, NEWBURGH NY 12550
Anthony P Costa	director, officer: Chief Executive Officer	68 NORTH PLANK ROAD, NEWBURGH NY 12550
Albert J Pagano	director	68 NORTH PLANK ROAD, NEWBURGH NY 12550
Gale L Foster	director	68 NORTH PLANK ROAD, NEWBURGH NY 12550
Thomas Sperzel	officer: SVP and CFO	75 WEST 125TH STREET, NEW YORK NY 10027
Arther W Budich	officer: EVP and CFO	68 NORTH PLANK ROAD, NEWBURGH NY 12550
Harold L Kahn	director	68 NORTH PLANK ROAD, NEWBURGH NY 12550
Peter J Savago	director	68 NORTH PLANK ROAD, NEWBURGH NY 12550
Peter B Ferrante	director	68 NORTH PLANK ROAD, NEWBURGH NY 12550
Bradford M Jones	director	19 CAYUGA STREET, SENECA FALLS NY 13148
Leslie M Apple	director	68 NORTH PLANK ROAD, NEWBURGH NY 12550