German American Bancorp (FRA:GAB) Long-Term Capital Lease Obligation : €0.0 Mil (As of Mar. 2024)

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What is German American Bancorp Long-Term Capital Lease Obligation?

German American Bancorp's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.0 Mil.

German American Bancorp's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€0.0 Mil) to Dec. 2023 (€2.4 Mil) but then declined from Dec. 2023 (€2.4 Mil) to Mar. 2024 (€0.0 Mil).

German American Bancorp's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€2.7 Mil) to Dec. 2022 (€2.7 Mil) and declined from Dec. 2022 (€2.7 Mil) to Dec. 2023 (€2.4 Mil).

German American Bancorp Long-Term Capital Lease Obligation Historical Data

The historical data trend for German American 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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German American Bancorp Long-Term Capital Lease Obligation Chart

German American Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.04

2.65

2.70

2.42

German American 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															-	-	-	2.42	-

German American Bancorp (FRA:GAB) 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.

German American Bancorp Long-Term Capital Lease Obligation Related Terms

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German American Bancorp (FRA:GAB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » German American Bancorp Inc (FRA:GAB) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

GABC:USA

Address

711 Main Street, P.O. Box 810, Jasper, IN, USA, 47546

Website

https://www.germanamerican.com

German American Bancorp Inc is a bank holding company. The Company's lines of business include 1) Retail and commercial banking business which involves attracting deposits from the general public and using those funds to originate consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans. These core banking activities also include the sale of residential mortgage loans in the secondary market. 2) Wealth management services which involve providing trust, investment advisory, brokerage and retirement planning services to customers. 3) Insurance operations include the offering of a full range of personal and corporate property and casualty insurance products.