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HRGG (Heritage NOLA Bancorp) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2020)


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What is Heritage NOLA Bancorp Long-Term Capital Lease Obligation?

Heritage NOLA Bancorp's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2020 was $0.00 Mil.

Heritage NOLA Bancorp Long-Term Capital Lease Obligation Historical Data

The historical data trend for Heritage NOLA 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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Heritage NOLA Bancorp Long-Term Capital Lease Obligation Chart

Heritage NOLA Bancorp Annual Data
Trend Dec16 Dec17 Dec18 Dec19
Long-Term Capital Lease Obligation
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Heritage NOLA Bancorp Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
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Heritage NOLA Bancorp  (OTCPK:HRGG) 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.

Heritage NOLA Bancorp Long-Term Capital Lease Obligation Related Terms

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Heritage NOLA Bancorp Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Heritage NOLA Bancorp Inc (OTCPK:HRGG) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
205 North Columbia Street, Covington, LA, USA, 70433
Website
https://www.heritagebank.org
Heritage NOLA Bancorp Inc is a banking company. Its services include personal banking, business banking, and loan facilities. The bank offers deposits, personal loans, mobile and online banking, trade finance, interest checking, foreign exchange, merchant, and other banking services.
Executives
Lisa B. Hughes officer: SVP and CFO 205 NORTH COLUMBIA STREET COVINGTON LA 70433
W. David Crumhorn director, officer: Chairman, President and CEO 205 NORTH COLUMBIA STREET COVINGTON LA 70433
Dana Whitaker officer: EVP and CCO 205 NORTH COLUMBIA STREET COVINGTON LA 70433
William Thomas Ballantine director 7009 LONGVUS, MANDEVILLE LA 70448
Rodrigue Julian J. Jr. director 205 NORTH COLUMBIA STREET COVINGTON LA 70433
Jason S. Hunt director 205 NORTH COLUMBIA STREET COVINGTON LA 70433
Caruso Salvatore A. Jr. director 205 NORTH COLUMBIA STREET COVINGTON LA 70433
Elizabeth M. Eustis director 205 NORTH COLUMBIA STREET COVINGTON LA 70433