EQB (TSX:EQB) Long-Term Capital Lease Obligation : C$107 Mil (As of Apr. 2025)

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What is EQB Long-Term Capital Lease Obligation?

EQB's Long-Term Capital Lease Obligation for the quarter that ended in Apr. 2025 was C$107 Mil.

EQB's quarterly Long-Term Capital Lease Obligation increased from Oct. 2024 (C$70 Mil) to Jan. 2025 (C$102 Mil) and increased from Jan. 2025 (C$102 Mil) to Apr. 2025 (C$107 Mil).

EQB's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$9 Mil) to Dec. 2022 (C$10 Mil) and increased from Dec. 2022 (C$10 Mil) to Oct. 2024 (C$70 Mil).

EQB Long-Term Capital Lease Obligation Historical Data

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

EQB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Oct24

Long-Term Capital Lease Obligation

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15.48

12.36

8.60

10.33

69.78

EQB Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Jan24	Apr24	Jul24	Oct24	Jan25	Apr25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.24	66.02	69.78	101.80	107.25

EQB (TSX:EQB) 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.

EQB Long-Term Capital Lease Obligation Related Terms

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EQB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » EQB Inc (TSX:EQB) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

EQGPF:USA

Address

30 St. Clair Avenue West, Suite 700, Toronto, ON, CAN, M4V 3A1

Website

https://www.eqbank.ca

EQB Inc operates through its wholly owned subsidiary, Equitable Bank, Canada's Challenger BankTM. It serves Canadians through two business lines, Personal Banking and Business Banking. The company differentiates by providing a host of challenger bank deposit services, alternative single-family lending, reverse mortgage lending, insurance lending, Specialized finance, Commercial finance group, Equipment financing, credit union services and trust services.

Executives

Smith Financial Corporation	10% Security Holder
Stephen Smith	10% Security Holder
Andrew Moor	Senior Officer
Katherine Ruta	Senior Officer
Chadwick Westlake	Senior Officer
Timothy Paul Charron	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Daniel Broten	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Michael Paul Mignardi	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Darren Lorimer	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Isabelle Farella	Senior Officer
Mahima Poddar	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Michael Stramaglia	Director
David Wilkes	Senior Officer
Yongah Kim	Director
Oakwest Corporation Limited	10% Security Holder

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