Banco De Chile (Banco De Chile) Long-Term Capital Lease Obligation : $110 Mil (As of Mar. 2024)

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What is Banco De Chile Long-Term Capital Lease Obligation?

Banco De Chile's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $110 Mil.

Banco De Chile's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($93 Mil) to Dec. 2023 ($116 Mil) but then declined from Dec. 2023 ($116 Mil) to Mar. 2024 ($110 Mil).

Banco De Chile's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($110 Mil) to Dec. 2022 ($103 Mil) but then increased from Dec. 2022 ($103 Mil) to Dec. 2023 ($116 Mil).

Banco De Chile Long-Term Capital Lease Obligation Historical Data

The historical data trend for Banco De Chile'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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Banco De Chile Long-Term Capital Lease Obligation Chart

Banco De Chile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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196.09

157.78

110.44

103.08

116.25

Banco De Chile Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															116.80	109.04	92.87	116.25	110.44

Banco De Chile (NYSE:BCH) 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.

Banco De Chile Long-Term Capital Lease Obligation Related Terms

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Banco De Chile (Banco De Chile) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco De Chile (NYSE:BCH) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

G4RA:Germany CHILE:Chile

Address

Paseo Ahumada 251, Santiago, CHL

Website

https://www.bancochile.cl

Operating under three separate brand names (Banco de Chile, Banco Edwards-Citi, and Banco CrediChile) Banco de Chile is the second largest in the country by loans and third largest by deposits. Banco de Chile generates most of its net interest income (roughly 60% of total revenue) from its mortgage, unsecured consumer credit lines, and commercial loans, with 25% of its outstanding loans being made to firms with more than 10,000 million CLP in revenue. Outside of its banking business, Banco de Chile is the largest asset manager in the country and one of the largest security brokerages, supporting its substantial fee-based revenue.