People's United Financial (People's United Financial) Long-Term Capital Lease Obligation : $247 Mil (As of Dec. 2021)

View and export this data going back to 1988. Start your Free Trial

What is People's United Financial Long-Term Capital Lease Obligation?

People's United Financial's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2021 was $247 Mil.

People's United Financial's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2021 ($0 Mil) to Sep. 2021 ($0 Mil) but then increased from Sep. 2021 ($0 Mil) to Dec. 2021 ($247 Mil).

People's United Financial's annual Long-Term Capital Lease Obligation declined from Dec. 2019 ($313 Mil) to Dec. 2020 ($275 Mil) and declined from Dec. 2020 ($275 Mil) to Dec. 2021 ($247 Mil).

People's United Financial Long-Term Capital Lease Obligation Historical Data

The historical data trend for People's United Financial'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.

* Premium members only.

People's United Financial Long-Term Capital Lease Obligation Chart

People's United Financial Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

313.20

275.30

246.50

People's United Financial Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															275.30	-	-	-	246.50

People's United Financial (NAS:PBCT) 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.

People's United Financial Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of People's United Financial's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

People's United Financial (People's United Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » People's United Financial Inc (NAS:PBCT) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

850 Main Street, Bridgeport, CT, USA, 06604

Website

https://www.peoples.com

People's United Financial Inc is a United States-based bank holding company. It operates in two segments: Commercial and Retail Banking. Commercial Banking includes commercial real estate lending, middle market, and business banking, mortgage warehouse and asset-based lending, and the equipment financing operations of PCLC, PUEFC, and LEAF. It also provides treasury management services, capital market capabilities, and commercial deposit products. Retail Banking includes consumer lending and consumer deposit gathering activities. The vast majority of its revenue is generated from the Commercial Banking segment.

Executives

Jeffrey J Tengel	officer: President	1900 EAST NINTH STREET, CLEVELAND OH 44114
Lee C Powlus	officer: Sr Ex VP & Chief Admin Officer	850 MAIN STREET, BRIDGEPORT CT 06604
Richard M Barry	officer: Chief Credit Officer	726 EXCHANGE STREET SUITE 618 BUFFALO NY 14210
Jane Chwick	director	C/O MARKETAXESS HOLDINGS, INC., 299 PARK AVENUE, NEW YORK NY 10171
Cruger William Frank Jr.	director	C/O MARKETAXESS HOLDINGS INC., 299 PARK AVENUE, NEW YORK NY 10171
Kevin T. Bottomley	director	DANVERS BANCORP, INC. ONE CONANT STREET DANVERS MA 01923
Nancy Mcallister,	director	30 CAMP WOODBINE ROAD, PORT JEFFERSON NY 11777
James A Thomas	director