Midsouth Bancorp (Midsouth Bancorp) Long-Term Capital Lease Obligation : $7.82 Mil (As of Jun. 2019)

View and export this data going back to 2013. Start your Free Trial

What is Midsouth Bancorp Long-Term Capital Lease Obligation?

Midsouth Bancorp's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2019 was $7.82 Mil.

Midsouth Bancorp's quarterly Long-Term Capital Lease Obligation increased from Dec. 2018 ($0.00 Mil) to Mar. 2019 ($8.20 Mil) but then declined from Mar. 2019 ($8.20 Mil) to Jun. 2019 ($7.82 Mil).

Midsouth Bancorp Long-Term Capital Lease Obligation Historical Data

The historical data trend for Midsouth 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.

* Premium members only.

Midsouth Bancorp Long-Term Capital Lease Obligation Chart

Midsouth Bancorp Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

Midsouth Bancorp Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	8.20	7.82

Midsouth Bancorp (OTCPK:MSLXP.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.

Midsouth Bancorp Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Midsouth Bancorp's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Midsouth Bancorp (Midsouth Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Midsouth Bancorp Inc (OTCPK:MSLXP.PFD) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

102 Versailles Boulevard, Lafayette, LA, USA, 70501

Website

https://www.midsouthbank.com

Midsouth Bancorp Inc is a financial holding company based in the United States. The company primarily operates through its wholly owned subsidiary and is engaged in the community banking business by providing banking services to commercial and retail customers. It focuses on providing commercial and consumer loan and deposit services to individuals and small to middle market businesses across America. Deposit products and services offered by the firm include interest-bearing and noninterest-bearing checking accounts, investment accounts, cash management services, and electronic banking services, including remote deposit capturing services, internet banking, and debit and credit cards.