Heartland Bancorp (Heartland Bancorp) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2024)

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What is Heartland Bancorp Long-Term Capital Lease Obligation?

Heartland Bancorp's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.

Heartland Bancorp Long-Term Capital Lease Obligation Historical Data

The historical data trend for Heartland 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.

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Heartland Bancorp Long-Term Capital Lease Obligation Chart

Heartland Bancorp Annual Data

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Long-Term Capital Lease Obligation

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Heartland Bancorp Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Heartland Bancorp (OTCPK:HLAN) 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.

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Heartland Bancorp (Heartland Bancorp) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Heartland Bancorp (OTCPK:HLAN) » Definitions » Long-Term Capital Lease Obligation

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Address

430 North Hamilton Road, Whitehall, OH, USA, 43213

Website

https://www.heartland.bank

Heartland Bancorp is a bank holding company whose principal activity is the ownership and management of its wholly-owned subsidiaries, Heartland Bank (the Bank) and TransCounty Title Agency, LLC. The Bank is primarily engaged in providing a full range of banking and financial services to individual and corporate customers in central Ohio and northern Kentucky. The majority of the company's revenues come from interest and dividend income on loans, investment securities, and other financial instruments.