LendingClub (LTS:0JTY) Long-Term Capital Lease Obligation : $35.1 Mil (As of Mar. 2024)

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What is LendingClub Long-Term Capital Lease Obligation?

LendingClub's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $35.1 Mil.

LendingClub's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($65.7 Mil) to Dec. 2023 ($37.9 Mil) and declined from Dec. 2023 ($37.9 Mil) to Mar. 2024 ($35.1 Mil).

LendingClub's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($91.6 Mil) to Dec. 2022 ($77.3 Mil) and declined from Dec. 2022 ($77.3 Mil) to Dec. 2023 ($37.9 Mil).

LendingClub Long-Term Capital Lease Obligation Historical Data

The historical data trend for LendingClub'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.

* Premium members only.

LendingClub Long-Term Capital Lease Obligation Chart

LendingClub Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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112.34

94.54

91.59

77.29

37.87

LendingClub 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															70.41	68.10	65.75	37.87	35.14

LendingClub (LTS:0JTY) 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.

LendingClub Long-Term Capital Lease Obligation Related Terms

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LendingClub (LTS:0JTY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » LendingClub Corp (LTS:0JTY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

LC:USA 8LCA:Germany

Address

595 Market Street, Suite 200, San Francisco, CA, USA, 94105

Website

https://www.lendingclub.com

LendingClub Corp is a company engaged in operating an online lending marketplace platform that connects borrowers and investors for the provision of the loan facility. It offers investors access to an asset class that has generally been closed to many investors and only available on a limited basis to institutional investors. The company through the platform offers loan products such as personal, education and patient finance, small business, and auto to interested investors. It generates a majority of the revenue from the transaction fees received from the platform's role in accepting and decisioning applications on behalf of the bank partners to enable loan originations.

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