SunTrust Banks (FRA:SUU) Long-Term Capital Lease Obligation : €0 Mil (As of Sep. 2019)

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What is SunTrust Banks Long-Term Capital Lease Obligation?

SunTrust Banks's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2019 was €0 Mil.

SunTrust Banks Long-Term Capital Lease Obligation Historical Data

The historical data trend for SunTrust Banks'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.
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SunTrust Banks Long-Term Capital Lease Obligation Chart

SunTrust Banks Annual Data

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Long-Term Capital Lease Obligation

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SunTrust Banks Quarterly Data
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SunTrust Banks (FRA:SUU) 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.

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SunTrust Banks (FRA:SUU) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » SunTrust Banks Inc (FRA:SUU) » Definitions » Long-Term Capital Lease Obligation

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Address

303 Peachtree Street, North East, Atlanta, GA, USA, 30308

Website

http://www.suntrust.com

SunTrust Banks, headquartered in Atlanta, comprises commercial, corporate, and retail banking operations. SunTrust's corporate and investment banking arm is under the SunTrust Robinson Humphrey brand. The vast majority of SunTrust's deposits are in seven Southeastern U.S. states and the District of Columbia.

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