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Bay National (Bay National) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2010)


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What is Bay National Long-Term Capital Lease Obligation?

Bay National's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2010 was $0.00 Mil.


Bay National Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bay National'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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Bay National Long-Term Capital Lease Obligation Chart

Bay National Annual Data
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Long-Term Capital Lease Obligation
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Bay National Quarterly Data
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Bay National  (GREY:BAYN) 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.

Bay National Long-Term Capital Lease Obligation Related Terms

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Bay National (Bay National) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2328 West Joppa Road, Lutherville, MD, USA, 21093
Bay National Corp is a bank holding company, which through National Bank, offers a complete range of commercial, private, cash management, retail, and residential mortgage banking services.

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