Signature Bank (Signature Bank) Long-Term Capital Lease Obligation : $282 Mil (As of Dec. 2022)

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What is Signature Bank Long-Term Capital Lease Obligation?

Signature Bank's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was $282 Mil.

Signature Bank's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 ($289 Mil) to Sep. 2022 ($286 Mil) and declined from Sep. 2022 ($286 Mil) to Dec. 2022 ($282 Mil).

Signature Bank's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($265 Mil) to Dec. 2021 ($255 Mil) but then increased from Dec. 2021 ($255 Mil) to Dec. 2022 ($282 Mil).

Signature Bank Long-Term Capital Lease Obligation Historical Data

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

Signature Bank Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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242.59

265.35

254.66

281.57

Signature Bank Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															254.66	260.82	289.28	286.28	281.57

Signature Bank (OTCPK:SBNY) 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.

Signature Bank Long-Term Capital Lease Obligation Related Terms

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Signature Bank (Signature Bank) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Signature Bank (OTCPK:SBNY) » Definitions » Long-Term Capital Lease Obligation

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SBNYL.PFD:USA

Address

565 Fifth Avenue, New York, NY, USA, 10017

Website

https://www.signatureny.com

Signature Bank is a New York-based commercial bank. It is engaged in offering a wide range of business and personal banking products and services. The operating segments of the company are Commercial banking and Specialty finance. The company operates in New York and derives a majority of its revenue from the Commercial banking segment, which consists principally of commercial real estate lending, fund banking, venture banking, commercial and industrial lending, and commercial deposit gathering activities. Specialty Finance consists of financing and leasing products, including equipment, transportation, taxi medallion, commercial marine, municipal, and national franchise financing and leasing.