GSPN.PFD (The Goldmanchs Group) Long-Term Capital Lease Obligation : $2,175 Mil (As of Sep. 2024)

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What is The Goldmanchs Group Long-Term Capital Lease Obligation?

The Goldmanchs Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2,175 Mil.

The Goldmanchs Group's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 ($2,160 Mil) to Jun. 2024 ($2,122 Mil) but then increased from Jun. 2024 ($2,122 Mil) to Sep. 2024 ($2,175 Mil).

The Goldmanchs Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($2,288 Mil) to Dec. 2022 ($2,154 Mil) but then increased from Dec. 2022 ($2,154 Mil) to Dec. 2023 ($2,232 Mil).

The Goldmanchs Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for The Goldmanchs Group'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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The Goldmanchs Group Long-Term Capital Lease Obligation Chart

The Goldmanchs Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2,385.00

2,283.00

2,288.00

2,154.00

2,232.00

The Goldmanchs Group 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															2,222.00	2,232.00	2,160.00	2,122.00	2,175.00

The Goldmanchs Group (NYSE:GSpN.PFD) 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.

The Goldmanchs Group Long-Term Capital Lease Obligation Related Terms

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The Goldmanchs Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » The Goldman Sachs Group Inc (NYSE:GSpN.PFD) » Definitions » Long-Term Capital Lease Obligation

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Address

200 West Street, New York, NY, USA, 10282

Website

https://www.goldmansachs.com

Goldman Sachs is a leading global investment banking and asset management firm. Approximately 20% of its revenue comes from investment banking, 45% from trading, 20% from asset management and 15% from wealth management and retail financial services. Around 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa.