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MBKL (MBT Bancshares) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2024)


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What is MBT Bancshares Long-Term Capital Lease Obligation?

MBT Bancshares's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.00 Mil.


MBT Bancshares Long-Term Capital Lease Obligation Historical Data

The historical data trend for MBT Bancshares'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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MBT Bancshares Long-Term Capital Lease Obligation Chart

MBT Bancshares Annual Data
Trend Dec05 Dec06 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Long-Term Capital Lease Obligation
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MBT Bancshares Semi-Annual Data
Dec02 Dec03 Dec04 Dec05 Dec06 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
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MBT Bancshares  (OTCPK:MBKL) 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.

MBT Bancshares Long-Term Capital Lease Obligation Related Terms

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MBT Bancshares Business Description

Industry
Traded in Other Exchanges
N/A
Address
3344 Metairie Road, Metairie, LA, USA, 70001
MBT Bancshares Inc is a United States-based company providing commercial banking services. It offers personal banking and business banking services. The services portfolio includes online banking service, checking accounts service, savings account facility, card services, and other services.

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