GBank Financial Holdings (GBank Financial Holdings) Long-Term Capital Lease Obligation : $5.41 Mil (As of Mar. 2024)

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What is GBank Financial Holdings Long-Term Capital Lease Obligation?

GBank Financial Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $5.41 Mil.

GBank Financial Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($4.34 Mil) to Dec. 2023 ($5.50 Mil) but then declined from Dec. 2023 ($5.50 Mil) to Mar. 2024 ($5.41 Mil).

GBank Financial Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($1.92 Mil) to Dec. 2022 ($2.98 Mil) and increased from Dec. 2022 ($2.98 Mil) to Dec. 2023 ($5.50 Mil).

GBank Financial Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for GBank Financial Holdings'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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GBank Financial Holdings Long-Term Capital Lease Obligation Chart

GBank Financial Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.92

2.98

5.50

GBank Financial Holdings 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															4.74	-	4.34	5.50	5.41

GBank Financial Holdings (OTCPK:GBFH) 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.

GBank Financial Holdings Long-Term Capital Lease Obligation Related Terms

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GBank Financial Holdings (GBank Financial Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » GBank Financial Holdings Inc (OTCPK:GBFH) » Definitions » Long-Term Capital Lease Obligation

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Address

9115 West Russell Road, Suite 110, Las Vegas, NV, USA, 89148

Website

https://www.gbankfinancialholdings.com

GBank Financial Holdings Inc, through its subsidiary, provides banking services to commercial and consumer customers. Its services include Business Savings Account; Business Money Market Account; Commercial Real Estate Loans; Equipment Loans; Medical/Professional Loans and others.