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

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What is Oakworth Capital Long-Term Capital Lease Obligation?

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

Oakworth Capital's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($0.00 Mil) to Dec. 2023 ($13.63 Mil) but then declined from Dec. 2023 ($13.63 Mil) to Mar. 2024 ($0.00 Mil).

Oakworth Capital's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($12.61 Mil) and increased from Dec. 2022 ($12.61 Mil) to Dec. 2023 ($13.63 Mil).

Oakworth Capital Long-Term Capital Lease Obligation Historical Data

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

Oakworth Capital Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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12.61

13.63

Oakworth Capital Quarterly Data
	Dec18	Dec19	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											-	-	-	13.63	-

Oakworth Capital (OTCPK:OAKC) 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.

Oakworth Capital Long-Term Capital Lease Obligation Related Terms

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Oakworth Capital (Oakworth Capital) Business Description

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

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Address

850 Shades Creek Parkway, Suite 300, Mountain Brook, AL, USA, 35209

Website

https://www.oakworth.com

Oakworth Capital Inc provides commercial and private banking, wealth management and advisory services to successful businesses, families and individuals. It serves clients across the United States from its offices in Birmingham and Mobile, Alabama, and Nashville, Tennessee.